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The Opening Bell: Where currencies start for Friday, June 20, 2014

Currencies
The Opening Bell: Where currencies start for Friday, June 20, 2014

By Dan Bell

A relatively quiet night saw NZDUSD hold its ground above 0.8700 but never trading outside of yesterday's post FOMC range.

US equities are largely flat on the day, a welcome pause after 4 straight days of upside.

Gold was the biggest mover on the day, up 3.5% as the biggest up day in 9 months took prices to 2 month highs at $1317. The combination of a less hawkish Federal Reserve and the prospect of US military action in the Middle East gave metals some appeal.

There is no data scheduled for release today in either NZ or Australia.

Otherwise, look for GBP to sell off hard, England currently 1-0 down against Uruguay!

Current indicative mid rates:

NZDUSD 0.8715

NZDEUR 0.6405

NZDGBP 0.5115

NZDJPY  88.85

NZDAUD 0.9270

NZDCAD 0.9430

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

Daily exchange rates

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Source: RBNZ
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End of day UTC
Source: CoinDesk

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