Back
28 Jul 2015
AUD/NZD keeps falling, about to end below 1.1000
FXStreet (Córdoba) - The aussie continues to decline against the kiwi as it had been the case during the last two weeks and is about to post the lowest daily close in since mid-June. AUD/NZD broke below 1.1000 on Asian hours and bottomed after Wall Street opening bell at 1.0935.
Currently it trades at 1.0960, down 0.38% and 400 pips below July 16 highs. Last week the pair dropped sharply despite the rate cut by the Reserve Bank of New Zealand and continued to slide during the current week.
The aussie continues to look for support. Both currencies lost ground versus the US dollar in 2015. While the kiwi was the weakest during the second quarter, the aussie is now falling behind.
No data form Australia, NZ, eyes on FOMC
No economic data is scheduled to be release on Wednesday neither from New Zealand or Australia. The Asian session could be with limited price action as traders attention turns to Fed’s decision and the FOMC statement.
Currently it trades at 1.0960, down 0.38% and 400 pips below July 16 highs. Last week the pair dropped sharply despite the rate cut by the Reserve Bank of New Zealand and continued to slide during the current week.
The aussie continues to look for support. Both currencies lost ground versus the US dollar in 2015. While the kiwi was the weakest during the second quarter, the aussie is now falling behind.
No data form Australia, NZ, eyes on FOMC
No economic data is scheduled to be release on Wednesday neither from New Zealand or Australia. The Asian session could be with limited price action as traders attention turns to Fed’s decision and the FOMC statement.