24 Jan 2014
NZD/USD approaches Thursday's lows
FXstreet.com (Córdoba) - The NZD/USD is falling early in Asia, approaching 0.8260 where yesterday's lows lie, after being unable to hold above the 0.8300 mark. Yesterday, the Chinese rating agency, Dagong downgraded the rating outlook for New Zealand from stable to negative on growth perspectives, that could face downward pressures.
NZD/USD hit by risk aversion
The pair was trading near 0.8340 at the beginning of the American session but lost momentum as stocks tumble and retreated to 0.8272, from where it bounced to finish Thursday around 0.8300. In Asia, stocks continue under pressure and the NZD/USD fell further, reaching a daily low at 0.8266.
The Kiwi is among the worst performers so far on Friday and is falling even against the Australian dollar. The AUD/NZD is bouncing from multi-year lows and trades at daily highs at 1.0575.
NZD/USD hit by risk aversion
The pair was trading near 0.8340 at the beginning of the American session but lost momentum as stocks tumble and retreated to 0.8272, from where it bounced to finish Thursday around 0.8300. In Asia, stocks continue under pressure and the NZD/USD fell further, reaching a daily low at 0.8266.
The Kiwi is among the worst performers so far on Friday and is falling even against the Australian dollar. The AUD/NZD is bouncing from multi-year lows and trades at daily highs at 1.0575.