By Bernard Hickey
Here's my weekly currencies review and outlook with HiFX's Senior Dealer Dan Bell, including a look at the New Zealand dollar's sharp bounce on Friday afternoon after European Union leaders agreed to directly inject capital into Spanish banks.
The euro also rose sharply, but the jury remains out without confirmation from the key national leaders, including Angela 'Nein' Merkel.
Bell looks ahead to next week's non-farm payrolls report in America and talk from both Britain and the United States of fresh rounds of money printing or quantitative easing.
He also looks at the Reserve Bank of Australia's decision expected on Tuesday to hold the official cash rate, but with an easing bias in the months ahead.
Bell sees the New Zealand dollar encountering stiff resistance near 80 USc.
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Dan Bell is the Senior Dealer at HiFX, a UK-headquartered foreign exchange dealer with significant operations in Australia and New Zealand. It has a dealing room in Auckland. See more detail here.
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