sign up log in
Want to go ad-free? Find out how, here.

The Opening Bell: Where currencies start for Tuesday, April 22, 2014

Currencies
The Opening Bell: Where currencies start for Tuesday, April 22, 2014

By Dan Bell

The NZDUSD opens this morning at 0.8560.

The NZD remained firm throughout all of Asia and Europe on Thursday, but immediately dropped to below the 0.8600 figure upon release of better than expected unemployment claims data from the US.

Unemployment claims in the US came in at 304k (versus 316k expected).

Furthermore, the Philly Fed Manufacturing Index also gave a better than expected reading of 16.6 (versus 9.6 expected).

Equity markets have been mixed with both the European and US markets finishing last week on the up while the Asian markets have pushed lower in light trading yesterday.

Gold prices are now below $1,300 (currently $1,289.55) while oil prices were up slightly to close at $104.30 a barrel.

There are no domestic data releases today with local traders awaiting the NZ Cash Rate announcement on Thursday.

The current indicative mid-rates are,

NZDUSD           0.8560
NZDEUR           0.6208
NZDGBP           0.5102
NZDJPY              87.83
NZDAUD          0.9180
NZDCAD          0.9435

----------------------------------------------------------

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

Email:   

----------------------------------------------------------

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

Daily exchange rates

Select chart tabs

Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
End of day UTC
Source: CoinDesk

We welcome your comments below. If you are not already registered, please register to comment.

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.