Bearish sentiment sends EUR/NZD 0.75% lower

Published: March 19 2023, 17:36 GMT+0

Bearish sentiment sends EUR/NZD 0.75% lower

A quick look at Friday: EUR/NZD ended Friday at 1.7009 following from closing Thursday at 1.7137. Overall, this represents a loss of 127 pips or 0.75%.

The past 3 months have been positive for EUR/NZD as it added 4.9% compared to its 3-month low of 1.57.

EUR/NZD's value drop coincided with the fact that USD/JPY is down to 131.8, losing 178 pips, after ending the previous session around 133.59. USD/SGD lost 0.44% Friday and closed at 1.3456.

Positive performances can be seen by looking at other currencies as NZD/USD is trading around 0.6263 after ending Friday's session at 0.6194 (up 1.11% today).