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Introduction The EUR/NZD Pair

| February 26 | Fundamental | No Comments

EURNZD Pairs

The EUR/NZD (Euro/New Zealand dollar) is the relation of the Euro against the New Zealand dollar. The EUR/NZD cross currency gives one the possibility to convert Euro’s directly into New Zealand dollar’s (1 EUR per x NZD).

Forex Knowledge: Trading the Euro/New Zealand dollar

  • Typical broker spread: 2.3-13 pips
  • Most active trading sessions: Euro and US session / EUR & NZD economic events
  • Most active trading hours: 6:00 GMT -17:30 GMT
  • Average daily range (high-low): 225 pips
  • Trading strategies to trade EUR/NZD: Click here
  • Recommended level of trading experience: Expert
  • Value of one pip EUR/NZD: Variable

Economic Events That Move EUR/NZD

A. EURO-ZONE

  • Trade Balance (Euro Zone)
  • Gross Domestic Product (Euro Zone)
  • Consumer Price Index (CPI) (Euro Zone)
  • ZEW Survey (Euro Zone)
  • ECB Rate Announcement and Press Conference
  • Current Account (Germany)
  • Trade Balance (Germany)

B. New Zealand

  • Gross Domestic Product (GDP)
  • ANZ Commodity Price Index
  • Retail Trade
  • RBNZ Rate Decision

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