As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for concern as the nation shifts away from export led growth, weakness in the Euro-Zone may cap any significant reversal.
The US Dollar slide extended against the Singapore Dollar, Malaysian Ringgit, Philippine Peso and Indonesian Rupiah. Focus turns to the US jobs report, ASEAN GDP and the RBI. Get your market update from @ddubrovskyFX here:https://t.co/FLmFQCM0wl https://t.co/KDkCIbsULh
Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule:
Oil - US Crude: -0.59%
View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rANpmuh6nH
Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule:
View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/2TJ4Efxjgj
See @ZabelinDimitri's take on geopolitical risks impacting markets in the week ahead here -
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