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NZD/USD, +0.64%…long way ahead

FXstreet.com (Chicago) – NZD/USD is the best performer so far today up 0.64% against the greenback in relative performance terms. After dipping 285 pips this month, the kiwi has a long road ahead.

No Tapering after all?

Market participants seemed to have reacted to US data published earlier this morning indicating the economy may still need Fed’s monetary stimulus as it is. Durable goods orders fell to -7.3% vs. expected -3.0% and previous 3.9% similarly to durable goods orders ex transportation at -0.6% vs. expected 0.6% and previous 0.1%.

NZD/USD Technical Levels

Technically speaking, the pair trades at 0.7848 between supports …read more