Global macro overview for 16/07/2015:
The overnight news for the New Zealand dollar hadn't been good at all as the NZD/USD pair fell to the lowest level in six years after the data release. The consumer price index in New Zealand came out weaker than expected 0.5% q/q (0.3% y/y) at 0.4% q/q (0.3% y/y). However, data were better than the last quarter number of -0.3%q/q (0.1% y/y) mainly due to higher petrol prices, which rose 8.8% in the previous quarter. Nevertheless, it did not stop NZD from falling and now the NZD/USD pair is approaching the important support level at 61%Fibo of the latest range at the level of 0.6400.
For detail explanation and best discovery on daily market trends and news you may visit via Global macro overview for July 16, 2015 . Thanks for your support.
No comments:
Post a Comment