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NZD/USD moves upwards with or without Syria

FXstreet.com (Athens) -The NZD/USD is trading upwards, as despite sounding bizarre, recent historical experience suggests that positioning for NZD outperformance makes sense in this risky environment.

Traders might take a look upon at the correlation of the NZD/USD with risky environments

The NZD/USD is trading on the upper level since the opening of the Asian’s trading session on Friday. While many traders might find a bit weird the fact that while war in Syria seems imminent, TD Securites analysts suggest that ‘The idea that an imminent attack on Syria could be good for a ‘risk currency’ such as the NZD may sound …read more