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GBPNZD Trades in Range for Lack of Catalyst
Despite the Brexit noise, the pound has been grinding its way up against the New Zealand dollar. As major contentions around fair competition and fisheries linger, negotiations could run well up to the last minute.
Both sides’ refusal to give in last week was the latest show of power struggle, yet officials have advertently kept the door open, thus preventing an abrupt sell-off in the market. The pound may stay volatile for lack of a clear direction.
As long as the pair remains above the double bottom around 1.9050, there is the hope of a meaningful rebound. On the upside, 2.0000 is a key psychological hurdle.
USDCHF Recovers as Stimulus Talks Go On
The US dollar is making its way back as the much-anticipated fiscal deal struggles to materialize. Democrats have set this Tuesday as the deadline, and a deal could renew the pressure on the dollar.
In the meantime, however, it might still be able to enjoy some breathing room. Sell-offs in risk...
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