Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
WSJ:New Zealand Dollar Weaker Late; Equity Markets Weigh
 
By REBECCA HOWARD

WELLINGTON--The New Zealand dollar was trading lower late Friday, weighed by weaker equity markets in the U.S. overnight and in Asia as investors became less sure that a new round of quantitative easing is on the way in the U.S.

"On that basis (weak equity markets) and on the broader risks around Jackson Hole," it is starting to falter, said HiFX Trading Director Mike Hollows.

He said, however, he expects the New Zealand dollar to trade in a narrow range until there is some clarity from the Federal Reserve. He pegged support the Kiwi at US$0.8105 and resistance at US$0.8145.

He said markets will also be watching for any news after meetings between the leaders of Germany and France with Greek Prime Minister Antonis Samaras. "There has been ongoing speculation that they will soften their approach to Greece...but we will wait and see what happens," he said.

Government bonds ended slightly higher on some demand for long end bonds, a local trader said. "Otherwise, markets were very quiet."
Source