NZD/USD pair experiences a pullback on Friday

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Source: WBP Online
New Zealand Dollar is supported by its moving average of 100-day's at 0.6717, as it appreciated against the US Dollar on Friday. NZD/USD pair recovered from a two-month low, which it reached on Thursday. A slight surge in crude oil prices increased demand for riskier currencies as the Aussie and New Zealand Dollar.
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Fri, 20 May 2016 08:35:08 GMT

Aussie recovers upon various factors on Friday

Australian Dollar moved above a 61.8% Fibonacci level, as further depreciation is expected if it moves below this level. John Edwards of the Reserve Bank of Australia gave positive comments on Australian inflation in Wall Street Journal and it boosted the Aussie. Moreover, a jump in crude prices increased interest in high-yield currencies.

Fri, 20 May 2016 07:37:17 GMT

Crude oil rises above $49 on Friday

Oil surged on Friday and both its benchmarks reached above $49 level, as traders awaited for new data on rig count in US. WTI futures with a delivery in July rose 1.1% to $49.21 per barrel and Brent hiked 0.9% to trade at $49.25 per barrel. Recently oil moved up with unexpected supply disruptions in Canada, Nigeria, Venezuela and Libya.

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