EUR/USD good day for the euro
The dollar index failed to climb above 93.00 and is now on the defensive again. It is important for the euro now to keep pushing up and to be able to climb above 1.18750 and keep it there for a while, to take a break and continue further towards 1.20000.
Dolar index reverses two sessions in a row at the end of the week and returns to the area below the 93.00 yardsticks as market participants now favour the risk complex following the opening bell in Euroland.
Nothing new emerged from the last Trump-Biden presidential debate late on Thursday, with polls still favouring the Democrat candidate’s win. It is worth recalling that the so-called “blue wave” is predicted to impact the buck negatively. November. Too many problems for the dollar and the election is getting closer.
EUR / NZD bullish potential
CPI in New Zealand (KoK) K3: 0.7% (ekp 0.9%; pret -0.5%) CPI (IoI) K3: 1.4% (ekp 1.7%; prev 1.5%) .
Markets will expect the next move from the New Zealand Reserve Bank. RBNZ pointed out that the Lending Financing Program (FLP) is the next booth in the range of monetary incentives, basically providing cheap financing to banks with an explicit focus on lower retail interest rates. We can expect a reversal in the trend from next week.
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