{"id":5502,"date":"2009-12-24T08:49:02","date_gmt":"2009-12-24T13:49:02","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=5502"},"modified":"2009-12-24T08:49:02","modified_gmt":"2009-12-24T13:49:02","slug":"south-pacific-currencies-rebound-after-a-sharp-sell-off","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/12\/24\/south-pacific-currencies-rebound-after-a-sharp-sell-off\/","title":{"rendered":"South Pacific Currencies Rebound after a Sharp Sell Off"},"content":{"rendered":"<p><strong>By Ashley Smith<\/strong> &#8211; The Australian and New Zealand Dollars rebounded yesterday following their sharp sell off this past week which impelled investors to buy the two currencies as their perceived their low level are overdone. The currencies also received a boost after the release of worse then expected U.S New Home Sales report which dampened demand for the Dollar on concerns the U.S economic recovery may still be shaky. The AUD also gained as commodities\u2019 prices recovered slightly<\/p>\n<p>The AUD rose 0.3% to 88.40 U.S. cents from 87.99 cents in New York yesterday, when it touched 87.35 cents. The AUD also gained against the Yen, to 80.70. New Zealand\u2019s Dollar gained 0.3% to 70.70 cents from 70.46 cents yesterday when it reached a three-month low of 69.75. It is likely that we\u2019ll see more gains for these currencies towards the end of the year as the rally in the USD seems to be loosing some steam.<\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ashley Smith &#8211; The Australian and New Zealand Dollars rebounded yesterday following their sharp sell off this past week which impelled investors to buy the two currencies as their perceived their low level are overdone. The currencies also received a boost after the release of worse then expected U.S New Home Sales report which &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2009\/12\/24\/south-pacific-currencies-rebound-after-a-sharp-sell-off\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;South Pacific Currencies Rebound after a Sharp Sell Off&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-5502","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/5502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=5502"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/5502\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=5502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=5502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=5502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}