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compass pointing north

Kiwi takes flight to reclaim 0.65 level

19 June 2019

The New Zealand Dollar staged a small but important recovery to retake the key psychological level of 0.65 on Tuesday despite the quiet domestic docket. Aided by a small shift in risk sentiment due to the ECB President Draghi's dovish speech, the Kiwi rebounded a healthy 0.5% to open this morning at 0.6528...

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Today's expected ranges:

NZD/AUD: 0.9400 - 0.9600 ▲
GBP/NZD: 1.9200 - 1.9400 ▼
NZD/USD: 0.6400 - 0.6600 ▼

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