The strongest and weakest currencies as the NA traders enter for the day.

Discussion in 'Market News' started by ForexLive, Dec 1, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    NZD and AUD are the strongest. JPY is the weakest The NZD and the AUD were both up. The (+1.5% vs 1.2% exp) out of Australia was better than expectations and it helped to lift the AUD and the NZD along with it (The AUD GDP is out tomorrow and the data should be supportive). Later, the RBA in their statement did not change their view on the Australian dollar despite a sharp fall in commodity prices and a higher AUD ("The Australian dollar is adjusting to the significant declines in commodity prices."). This helped lead to a continued move higher in the AUD and the NZD rose along with it. The AUDUSD got close to 0.7300 but stalled on the first look.

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