17 Dec 2014
NZD/USD praised but strong offers at 0.7800
FXStreet (Guatemala) - NZD/USD is trading at 0.7792, up 0.04% on the day, having posted a daily high at 0.7811 and low at 0.7775.
Despite Moody’s recent pat on the back for New Zealand from Steven Hess, Vice President and Senior Credit Officer in the Sovereign Risk Unit at Moody’s Investors Service in New York, who explained that the economy is performing well and that they are very comfortable with the countries AAA sovereign rating, NZD/USD remains below the 0.78 handle with recent attempts to the upside away from the lows.
The bird was mixed following the Fonterra GDT Price Index climbing 2.4 percent in Europe but with volumes dropping the bird was offered down to 0.7780 support.
Despite Moody’s recent pat on the back for New Zealand from Steven Hess, Vice President and Senior Credit Officer in the Sovereign Risk Unit at Moody’s Investors Service in New York, who explained that the economy is performing well and that they are very comfortable with the countries AAA sovereign rating, NZD/USD remains below the 0.78 handle with recent attempts to the upside away from the lows.
The bird was mixed following the Fonterra GDT Price Index climbing 2.4 percent in Europe but with volumes dropping the bird was offered down to 0.7780 support.