Tuesday 27 September 2011

NZD/USD Rises To 2-Day High on EFSF Hopes

New Zealand dollar rose to a counterpart in the United States two days of training on Tuesday, the leaders of the euro area European Financial Stability Fund has considered the risk of speculation as ways to increase sensitivity.

NZD / USD hit 0.7887 in Asia during the last operation, the pair the highest since September 23 and the pair consolidated 0.7860, an increase of 0.77%.

Double 0.7723 0.8011 may find support and resistance Sept. 23 low, 25 May high.

Financial executives in the euro zone single currency as the debt crisis of deepening concerns about the speed of the block, amid speculation that explores ways to strengthen the stimulus funds to strengthen market confidence.

On Monday, the EUR440 million senior politicians of the European Central Bank European Financial Stability provides more money for the European Central Bank, can be used as collateral for the debt, he said.

In addition, the kiwi AUD / NZD shedding 0.39% to trade at 1.2555 rose against the Australian dollar.

Later in the day, Richard Fisher, a member of the U.S. Open Market raporu Federal also discussed consumer confidence, would be free.

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