The post Likely to trade in a range of 0.5720/0.5760 – UOB Group appeared on BitcoinEthereumNews.com. New Zealand Dollar (NZD) is likely to trade in a range of 0.5720/0.5760. In the longer run, the outlook for NZD is neutral now, and it is likely to trade in a range between 0.5685 and 0.5770, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Outlook for NZD is neutral now 24-HOUR VIEW: “NZD rose to a high of 0.5751 two days ago. Yesterday, when it was 0.5745, we highlighted the following: ‘Despite the advance, there has been no clear increase in upward momentum. That said, the firmer underlying tone suggests that NZD is likely to trade in a higher range of 0.5725/0.5755 today’. NZD subsequently dropped to a low of 0.5710 and then rebounded to close largely unchanged at 0.5743 (- 0.04%). The price action provides no fresh clues, and today, we expect NZD to trade in a range of 0.5720/0.5760.” 1-3 WEEKS VIEW: “We turned neutral on NZD last Friday (17 Oct, spot at 0.5725). We highlighted that ‘downward pressure has eased’, and we expected NZD to ‘trade in a range between 0.5685 and 0.5770’. Our view remains unchanged.” Source: https://www.fxstreet.com/news/nzd-usd-likely-to-trade-in-a-range-of-05720-05760-uob-group-202510221034The post Likely to trade in a range of 0.5720/0.5760 – UOB Group appeared on BitcoinEthereumNews.com. New Zealand Dollar (NZD) is likely to trade in a range of 0.5720/0.5760. In the longer run, the outlook for NZD is neutral now, and it is likely to trade in a range between 0.5685 and 0.5770, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Outlook for NZD is neutral now 24-HOUR VIEW: “NZD rose to a high of 0.5751 two days ago. Yesterday, when it was 0.5745, we highlighted the following: ‘Despite the advance, there has been no clear increase in upward momentum. That said, the firmer underlying tone suggests that NZD is likely to trade in a higher range of 0.5725/0.5755 today’. NZD subsequently dropped to a low of 0.5710 and then rebounded to close largely unchanged at 0.5743 (- 0.04%). The price action provides no fresh clues, and today, we expect NZD to trade in a range of 0.5720/0.5760.” 1-3 WEEKS VIEW: “We turned neutral on NZD last Friday (17 Oct, spot at 0.5725). We highlighted that ‘downward pressure has eased’, and we expected NZD to ‘trade in a range between 0.5685 and 0.5770’. Our view remains unchanged.” Source: https://www.fxstreet.com/news/nzd-usd-likely-to-trade-in-a-range-of-05720-05760-uob-group-202510221034

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more