- The New Zealand dollar weakened greatly today to its lowest levels in more than a year, after Reserve Bank of New Zealand Governor Graeme said he still considered the currency strength to be ‘unjustified and unsustainable’. The currency – as well as the Australian and Canadian dollars – has fallen significantly as the US dollar continues to strengthen.
- Yesterday the Canadian dollar fell to six-month lows against the US dollar. It weakened to similar levels last seen in March, with a lot of pressure coming from the US dollar. Part of the weakness was the expectation of the US Federal Reserve to tighten their policy before the bank of Canada – this will keep the Canadian dollar under pressure for the foreseeable future.
Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.