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.


Euro Weakness Unleashed as Draghi Dismisses Immediate Taper Concerns

As anticipated, the European Central Bank dispatched speculation that it was readying to taper its QE program, and instead has markets focused on its next major policy meeting in December.
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Analyst Picks

Christopher Vecchio   

Currency Strategist

My Picks: Pending Long EUR/NZD
Expertise: Global Macro and Technical Analysis
Average Time Frame of Trades: Several weeks


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