HOT TOPICS:   2015 series  |  Double shots  | Top 10 at 10                                                  RESOURCES:    Economic calendar   |   Rent or buy

The comment stream

Reader poll

Which country's economy is likely to improve the most in 2015?


The Opening Bell: Where currencies start for Friday, November 30, 2012

Posted in Currencies

By Dan Bell

The NZD/USD opens at 0.8225 this morning after an evening that was largely concerned with the US fiscal negotiations.

Comments from House Speaker Boehner that “no substantive progress has been made in talks” saw risk appetite take a dip.

The potential for these comments to cause a more dramatic sell-off was paired by good US data - encouraging US GBP numbers (revised up from 2.0% to 2.7% Q3) and US pending home sales up 5.2%.

Euroland economic confidence also saw it’s first uptick since February, helping European stocks remain firm on the close.

Stock markets currently: Dow Jones +0.42%, S&P +0.49%, FTSE 1.15%.

The NZD opens the crosses - 0.7885 AUD, 0.6340 EUR, 0.5125 GBP, 67.50 JPY, 0.8160 CAD.

The data highlight for the weekend (apart from further fiscal cliff developments) will be Chinese Manufacturing Data out of China at 2.00pm on Saturday.

Related Topics

Could make for an interesting open on Monday morning.

Have a good weekend, and well done the Black Caps last night in Sri Lanka!


To subscribe to our daily Currency Rate Sheet email, enter your email address here.



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

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current Comment policy is here.