17 Dec 2014
NZD/USD capped and awaits FOMC
FXStreet (Guatemala) - NZD/USD is trading at 0.7733, down -0.72% on the day, having posted a daily high at 0.7811 and low at 0.7710.
NZD/USD is moving within a cent range with a bearish bias and capped at 0.7840 resistance. The New Zealand economy got a decent appraisal recently for being a strong economy from Moody’s rating but the economy is not immune to the global risk factors that are taking the markets attention. Higher yielders are suffering in a risk-off environment.
The market volatility may be included in the forthcoming Fed verbiage of the statement but whether this will be an element for slowing down the pace of their intentions to hike and timings of doing so is another matter.
NZD/USD is moving within a cent range with a bearish bias and capped at 0.7840 resistance. The New Zealand economy got a decent appraisal recently for being a strong economy from Moody’s rating but the economy is not immune to the global risk factors that are taking the markets attention. Higher yielders are suffering in a risk-off environment.
The market volatility may be included in the forthcoming Fed verbiage of the statement but whether this will be an element for slowing down the pace of their intentions to hike and timings of doing so is another matter.