Forex is starting off on the wrong foot, with the New Zealand currency underperforming the market. Today’s Euro (EURNZD) and Pound (GBPNZD) Forecast

FXMAG UK – Last night’s retail sales update was delivered in New Zealand, where the quarterly and annual estimate indicated more significant negative cuts, which is not favorable for your currency in forex today. That is why we will analyze 2 of the most attractive couples 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.

How did the parallel dollar () dawn today?

This afternoon we’ll see durable goods orders (up -0.2% vs forecast 0.1%) followed by pending home sales, with sales likely to pull back significantly this month. The New Zealand Dollar to US Dollar exchange rate is currently available. It was valued at $0.613 at 7 AM on February 27, compared to its opening price of $0.616, resulting in a -0.39% percentage depreciation in today’s session. Trading range for the day: $0.613 (minimum price) and $0.617 (maximum price) The chart of the NZD/USD pair has been updated in a one-day interval.

Euro rises strongly in New Zealand ()

Unlike previous days, this Monday is pretty empty of economic data, the only thing we can highlight is the appearance of the lane. We will approach France and its GDP inflation from early tomorrow morning. The euro to New Zealand dollar exchange rate was $1,712 today, while its price was $1,717 at 7:10 am on February 27, +0.50% handling a moderate increase. Trading range for the day: $1,710 (low price) and $1,718 (high price). The chart of the EUR/NZD pair is updated in one-day intervals

Find out how the pair is faring so far ()

The economic calendar may not be as attractive as it appears in the United Kingdom, whose first forex appearance will be from Friday with the composite PMI and services update. The price of Pound Sterling and New Zealand Dollar opened today at $1,938, while at 7:20 am on February 27, its price was at $1,944, handling at least +0.47% rise for the day. Trading range for the day: $1,937 (low price) and $1,946 (high price).The chart of GBP/NZD pair is updated in one day interval