This symbol represents the New Zealand Dollar - Canadian Dollar cross pair. These two currencies are both categorized as commodity currencies. Canada is primarily associated with oil and lumber, conducting significant trade with the United States. New Zealand is more associated with agricultural commodities and exports dairy and meat products to Australia and China.
The New Zealand Dollar is primed for volatility with quarterly inflation data due for release today at 21:45 GMT
Full Analysis: https://www.dailyfx.com/forex/market_alert/2020/01/23/nzd-usd-price-outlook-new-zealand-dollar-eyes-inflation-cpi-rbnz.html
$NZDUSD $NZDJPY $NZDCAD $GBPNZD $EURNZD $AUDNZD #FX #Forex #Trading #RBNZ https://t.co/l0Zd7rNl2g
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). Registered Address: 32 Old Slip, Suite 803; New York, NY 10005.