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Currency Analyst since 2010

Kiwi fell as RBNZ cut rates

EUR/USD keeps trading below the resistance in the 1.1400 area. There’s still no real progress on the Greek deal. German Chancellor Merkel, French President Hollande and Greek Prome Minister Tsipras agreed only that the debt talks must be intensified.

USD/JPY recovered to 123.30 after dipping to 122.45 on Wednesday on the Bank of Japan Governor’s comments about “very weak” level of the yen.

NZD/USD fell from the 0.7200 area to the levels below 0.7000 as the Reserve Bank of New Zealand lowered the benchmark rate by 25 bps to 3.25% and hinted that further cuts are likely.

AUD/USD approached 0.8000 where it rose from 2-month lows hit last week. Aussie strengthened on solid gain in the employment numbers (+42K) and as the jobless rate declined from 6.1% to 6.0%.

On Thursday the market will be focused on the US retails sales and unemployment claims due at 12:30 GMT.

 

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