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The Opening Bell: Where currencies start for Friday, March 22, 2013

Posted in Currencies

By Dan Bell

The NZD/USD opens higher at 0.8330 this morning after a mixed night for global markets.

Yesterday’s much stronger NZ GDP number and Chinese Manufacturing PMI saw the NZD outperform all other starters last night.

European issues weighed heavily on the other hand, with Cyprus given until Monday to reach a deal, and European Manufacturing PMI coming out well below expectation.

Stock markets currently: Dow Jones -0.41%, S&P -0.6 %, FTSE -0.69%.

The NZD opens the crosses - 0.7970 AUD, 0.6450 EUR, 0.5485 GBP, 79.05 JPY, 0.8525 CAD.

A light data day today, NZ Visitor Arrivals at 10.45am – go the Black Caps at Eden Park!

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

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