Open Demo Account
Home / Market Update / Forex Market / NZD/USD Leads Top Performing Pairs

NZD/USD Leads Top Performing Pairs

M. Ali 28 August, 2020 11:19 pm Forex Market, Market Update

The New Zealand Dollar (NZD) expanded its gains on Friday, with most gains seen against the US Dollar (USD), following recent remarks by the US Federal Reserve that showed tolerance towards inflation going above the 2% target.

This comes two week after the Reserve Bank of New Zealand (RBNZ) increased its quantitative easing allowance from NZD 60 billion to NZD 100 billion.

The NZD/USD is the top performing pair today, rising by 1.26% and trading at 0.67234.

The NZD is also up against its Canadian counterpart (CAD) by 1.15%, by 0.92% in front of the Swiss Franc (CHF), and Euro (EUR) by 0.70%.

Tags

Check Also

Sterling Rebounds Following Softer US PCE Data

The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends