[ad_1]
The New Zealand dollar was trading about a two-week high due to a record short stance and a slight recovery in appetite for the dollar. risk offset by the absence of market data or economic events.
US cents at 8:30 in Wellington against 68.45 cents last night, while they peaked at around 68.60 cents, the highest since June 27. The trade weighted index was at 72.86 compared to 72.85 yesterday (19659003). Data from the US Commodity Futures Trade Commission (CFTC), which showed that during the period ending July 3, net NZD shorts reached a record 26,400. bets on a decline in the currency, the sheer volume of these bets means that there is more risk of an increase. Meanwhile, the CBOE volatility index (VIX) fell to around 12.6, a three-week low. The VIX, sometimes called the Wall Street Fear Gauge, soared to 89.53 by the end of 2008, as the global financial crisis sent investors looking for safe havens.
"The currencies have been very tight. while yields on US equities and US currencies have a modest upward bias, "said Jason Wong, senior market strategist at the Bank of New Zealand, in a note. CFTC were removed: "The NZD has risen by about 1.5 cents, some of these shorts probably closed by the end of last week."
The kiwi dollar fell to 51.51 British pence 51.70 pence late yesterday, as the pound took back ground after being sold following the resignation of British Prime Minister Theresa May's government, the pound sterling weakened after Britain's Foreign Affairs, Boris Johnson, became the last minister to resign from Theresa May's conservative government for his Brexit projects, but there is still no sign of defiance for May's leadership.
E In the absence of economic data in New Zealand today, the market will turn to the Westpac survey on consumer confidence for Australia in July. for May. The June figures of the PPI for the United States are expected tonight, while the Bank of Canada is expected to raise interest rates by a quarter point to reach 1.5%. The New Zealand dollar traded at 89.64 Canadian cents against 89.77 cents late yesterday
The kiwi rose to 4.5333 yuan from 4.5190 yuan yesterday and slipped to 91.53 Australian cents against 91.63 cents. It traded at 76.09 yen against 76.07 yen and 58.21 cents against 58.29 cents.
(BusinessDesk)
<! –
—>
<! —
—>
Comments from our readers
No comments yet
Add your comment:
Related News:
Tauranga, Waikato's advice to borrow $ 196 million from the Government Housing Fund for improvements to water
July 11 Morning Report
CLOSING THE MARKET: NZ shares down, Trustpower and NZ Refining dropped, Sky TV, A2 gain
NZ dollar extends gains vs. pound in Brexit stoush, can win against USD on growing "short" positions
Blue Sky PGG Wrightson says "no comment" on report of a potential $ 600 million buyback
UPDATE: Gov, DHB no longer say funding Xero names Godfrey-Billy as chief financial officer and Narayan "looking for other opportunities"
New Zealand's electronic card spending is increasing in all industries in June
infi the DHBs start negotiations facilitated by ERA. strike; another action is taking shape
Source link
