FXMAG UK – With Christmas just a step away, this week saw some very weak economic indicators. In New Zealand, for example, the only standout was the trade balance, where recent movements were similar to those seen in the previous month. Although this already mentioned marker is not much connected to the changes of its currency, currently the New Zealand dollar has started to decline in the market, so let’s take a look at the most volatile currency pairs at the moment. 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.
Find out how the US dollar is traded ()
Today we will review retail sales, consumer confidence and IEA inventories in the US. All three indicators are very important in forex, but according to experts, oil levels are likely to increase this week. The New Zealand Dollar to US Dollar exchange rate was 0.63 at 8:10 AM on the 21st. December represents a percentage change of +0.72% so far on this day. The trading range currently averages between 0.629 (low price) and 0.634 (high price). The chart of the NZD/USD pair is updated on a one-day interval
What is the price of () Swiss Franc today?
On the other hand, this week’s forex may not have much to do with Switzerland, but we have seen your bank’s rate decision with a 50 bp rate hike in the past. The New Zealand dollar and Swiss franc price is currently at 0.58 as of 8:20 am on December 21st, indicating a percent change of +0.39%. Buying this pair will yield between 0.584 (minimum price) and 0.588 (maximum price). The chart of the NZD/CHF pair is updated on a one-day interval
What changes were recorded in the Japanese Yen ( )?
Yesterday in Japan, they didn’t choose another rate hike, the year ended with the last meeting of 2022 and we were all surprised with no change in interest rates. At the moment, we won’t see any forex indicators in Japan until Friday with the CPI update. The New Zealand Dollar to Japanese Yen exchange rate stood at 83.25 at 8:25 AM on December 21 and is currently receiving a variable. Percentage -0.41%. The trading range is oscillating with 83.12 (minimum price) and 83.72 (maximum price). The chart of the NZD/JPY pair is updated on a one-day interval
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