|01-06-2015, 07:17 PM||#1|
NZDUSD moves higher with limited gains
The New Zealand dollar was higher against its U.S. counterpart on Tuesday, but gains were expected to remain limited as markets were still stressed amid concerns over a potential Greek exit from the euro zone.
Some currencies gained support against the U.S. dollar as investors turned away from risks, in light of the confusion surrounding markets about Greece and its commitment to the joint rescue package, in addition to the continuing decline in oil prices.
A state of uncertainty and volatility will continue dominating markets until the Greek election to be held in the 25 th of January, which may result in favor of the anti-austerity left-wing Syriza party.
NZD/USD hit 0.7750 during late Asian trade, the pair`s highest since January 2; the pair traded at 0.7730, advancing 0.57%.
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