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    This blog consists of contributions from FX EDU staff, executives and people that have a relationship with FX EDU. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FX EDU policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FX EDU policy, please contact FX EDU through the firm's official website, www.fxedu.com.

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    New Zealand’s dollar blows by most currency pairs this morning!

    By Sean Hyman | March 26, 2009

    This morning the theme of the day so far is NZD strength as NZD/JPY is up 3.11% on the day (or 171 pips) and NZD/USD is up 2.34% or 133 pips on the day so far. 

    The biggest losers on the day are getting dragged down by NZD too: EUR/NZD down 2.09% and AUD/NZD down 1.40%.

    So there’s where your momentum is.

    And a 2nd runner up is the Aussie dollar….AUD/JPY is up 1.66% on the day or 113 pips.

     

    Also, you could say that the “commodity currencies” are rising up against the yen today (NZD/JPY, AUD/JPY, CAD/JPY). 

    Sean Hyman

    bio-pic-thumbnail.jpg 

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