May 7, 2024

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New Zealand raised interest rates for the first time in seven years, and will come through Reuters

Dollar (NZDUSD) and Swiss Franc (NZDCHF) outperform as New Zealand currency gains momentum in market How much is Canadian dollar (NZDCAD) trading today?

© Reuters. Dollar (NZDUSD) and Swiss Franc (NZDCHF) outperform as New Zealand currency gains momentum in market How much is Canadian dollar (NZDCAD) trading today?

To close the forex week, we will have no economic indicators to refer to in New Zealand today. However, valuations against the New Zealand dollar rose early in the morning. In today’s article we will see which are the most attractive couples from this morning. Let me make it clear that this article does not contain any technical opinions, and we are writing about changes in currencies, maybe highlighting some dates or events that lead to drastic changes in their prices.

Switzerland ranks best in industrial production ().

Today in Switzerland we have the industrial production index (quarterly) where it ended with 5.2% from 5.0% previously. Although it is not a very important forex indicator, it helps to assess the current level of the country’s economy. Today, the price of New Zealand Dollar to Swiss Franc is 0.58 at 8:40 AM on November 18, gaining one percent. Variation +0.65%. Valuations for the pair ended very close to this month’s highs. Its trading range today is 0.586 (low price) and 0.587 (high price). The chart of the NZD/CHF pair is updated on a one-day interval

The US dollar could have a big boost later ().

To wrap up US forex, today we’ll get an update on older home sales followed by reports from Williams (an official member of the FOMC) with the NZD/USD exchange rate at 0.617 at 8:50am. On November 18, +0.77% guarantees a percentage change. His valuations will remain within the highest values ​​of this month. As for his trading range, today average is 0.615 (minimum price) and 0.618 (maximum price). The chart of the NZD/USD pair is updated on a one-day interval

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What are we going to see in Canada today ()?

At 14:30 PM in Europe, we will see investment in foreign assets in Canada and the commodity price index, which will see significant changes for the month. The New Zealand dollar to US dollar exchange rate was at 0.822 at 9 am on November 18, thus reaching +0.72% percentage so far on the day, within the highest range for the month. Its values ​​today are 0.819 (minimum price) and 0.822 (maximum price).The chart of the NZD/CAD pair is updated on a one-day interval