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The Opening Bell: Where currencies start on Friday, February 17, 2012

Posted in Currencies February 17, 2012 - 08:15am, Dan Bell

By Dan Bell

The political yo-yo continued in Greece last night, as the EURUSD dipped below 1.3000 before rebounding strongly on the hope of a debt deal by Monday – sources are suggesting lenders have agreed where the required 325m EUR of savings are coming from.

A raft of good US data also helped give sentiment a lift, with weekly jobless claims falling below 350,000 for the first time since March 08.

Following the EURUSD lead, NZDUSD dropped into the mid 0.8200s before rebounding, currently around 0.8325.

US Stock Markets all higher this morning also, S&P +1.06%, Dow Jones +1.02%

The NZD opens against the crosses at 0.6340 EUR, 0.7735 AUD, 0.5265 GBP, 65.75 JPY

US CPI data tonight.

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    • Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here

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    1 Comments

    by goNZ | 17 Feb 12, 3:58pm

    and slips a disc

    and slips a disc