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28 Aug 2014
NZD/USD rejected from above 0.8400
FXStreet (Córdoba) - The NZD/USD rose during the Asian session and reached levels on top of 0.8400; also on European hours trades above the mentioned level but both times it was rejected. After the release of US economic data Greenback gained momentum and pushed the NZD/USD to the downside.
The pair bottomed on American hours at 0.8364, a few pips above daily lows that lie at 0.8361. During the last two hours the NZD/USD moved off session lows and it was trading at 0.8382, 10 pips above yesterday's closing price.
NZD/USD trimming weekly losses
Despite rising today for the second day in a row, is still trading below the price it had at the beginning of the week. The New Zealand dollar and the Euro are so far the worst performer among the most traded currencies so far during the current week.
The pair bottomed on American hours at 0.8364, a few pips above daily lows that lie at 0.8361. During the last two hours the NZD/USD moved off session lows and it was trading at 0.8382, 10 pips above yesterday's closing price.
NZD/USD trimming weekly losses
Despite rising today for the second day in a row, is still trading below the price it had at the beginning of the week. The New Zealand dollar and the Euro are so far the worst performer among the most traded currencies so far during the current week.