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The Opening Bell: Where currencies start for Tuesday, January 15, 2013

Posted in Currencies

By Dan Bell

The NZD/USD opens around 0.84 this morning after trading to an interbank high of 0.8430 overnight.

It was a relatively quiet night across global markets. US stocks are mixed with the S&P 500 currently down 0.1% while the Dow Jones Index is up 0.17%.

The NZD is up against most of the major cross rates and opens at 0.7960 AUD, 0.6285 EUR, 0.5227 GBP, 75.11 JPY and 0.8265 CAD.

On the local front we get NZ Quarterly Survey of Business Opinion at 10am.

At the same time Fed Chairman Ben Bernanke begin a speech at the University of Michigan where he is expected to discuss the economy and the outlook for US monetary policy.

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

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