Forex Account – A forex dealer Chris Hunter in Western Union Company said on Monday (September 6) that the US non-farm employment data in August was better than the previous expectation and this spurred the risk preference emotions in the forex market, the forex rate of NZD/USD was pushed up high.
Hunter said this data smoothed the panic emotions of the forex brokers about the double dip recession of the US economy, and both the stock and the forex market was largely affected and pushed up high. He also pointed out the earthquake of last Saturday would not bring great impact to the forex market, but the affection of the earthquake to the financial sector might make RBNZ to change its attitude of keeping the interest rate unchanged in the left time of this year, and this would bring some impact to the forex rate of NZD/USD.
Hunter also said in the market what need to be paid attention would be the conference decisions of RBA and BOJ, it was predicted the supporting point for the forex rate of NZD/USD would be at 0.7200, and the obstacle point at bottom would be at 0.7250.
The forex rate of NZD/USD was at 0.7224/33 at 12:52 Beijing time.
Edited by Laura.