NZD/CHF: reflects the price of the Swiss franc in terms of the New Zealand dollars. This currency pair is influenced the most by the following factors:
—prices of natural resources (especially oil);
—price of gold, since the CHF rate still correlates with it;
—balances of trade of both countries, especially of New Zealand;
—important economic indicators of the two countries, as well as their close neighbors and alliances (EU, Australia, US);
—interest rates set by the central banks of both countries;
—prices of agricultural goods (New Zealand is a major exporter).
There’s a correlation of the pair with NZD/USD, AUD/USD and others.
NZD/CHF may be used for carry trade due to the difference between the interest rates of the countries.
Friday, June 18th, today’s news—the websites of dozens of financial institutions and airlines in Australia …Read more...
The Australian dollar fluctuated in a narrow range tilted to the downside during the Asian …Read more...
Gold futures rose by nearly one percent during the Asian session, to witness its rebound …Read more...
The overall trend is upward. The price pivot zone of 321.56 holds back sellers. …