GBP/NZD Weekly Currency Update

Old Jan 4th 2010, 3:13 am
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Default GBP/NZD Weekly Currency Update

Hi All,

As promised here’s a brief update on what’s been happening with the NZD Dollar over the last week.

There was no data of significance from New Zealand last week and like the AUD, the NZD received bids on yield demand. Again offshore data here is likely to be the focus of the markets attention with the US FOMC minutes and Non-Farm Payrolls being the key highlights.


GBP/NZD Movement – High’s & Low’s of last week (28/12/09 – 01/01/10)

High’s: 2.2662
Low’s: 2.2062

A movement of:2.72%

Difference on £200k

High: NZD453,240
Low: NZD441,240

Difference of: NZD12,000

Whilst FX isn't the most thrilling of subjects, the sooner you begin to think about your money transfers, the more likely you are to make your money go further.

A further update will be added next week.

Regards



Mark Bodega
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