FX:EURNZD   Euro / New Zealand Dollar
Kiwi extended gains against the Euro after the RBNZ held its interest rates on the current level. Yesterday's strong nation's trade data supported the currency against most of its peers inducing the Central bank to have less dovish tone. However, possibilities of a rate cut are still open. Pair is likely to retrace to 0.6800 level or 50% Fibonacci of an increase since the end of March. Apart from June CPI data for Eurozone due on Friday, no other data to look at for the week. The focus is on the G-20 summit of leaders and sideline meetings.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.