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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
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Tags: AUD, Aussie, blog, dollar, dow, EUR, forex, forextrading, jpy, momentum, nzd, pips, Sean Hyman, USD
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