The NZDUSD opens lower this morning at 0.8687 this morning.
The USD strengthened over night boosted by better than expected Consumer Confidence and New Home Sales Data.
Although the NZDUSD remains in a tight range,(0.8660-0.8740) with the heightened geo-political risk in the Middle East (Syrian warplanes struck inside Iraq) traders are reluctant to add to their risk portfolio.
Elsewhere The GBP was weaker across the board as BOE Governor Carney stated that rate increases will be limited and gradual
Global equity markets are once again mixed - Dow -0.2%, Nikkei +0.05%, Shanghai +0.47%, FTSE -0.2%, Gold is currently at $1318.50
The current indicative mid-rates are:
NZDUSD 0.87687
NZDEUR 0.6387
NZDGBP 0.5116
NZDJPY 88.62
NZDAUD 0.9265
NZDCAD 0.9335
We are without any domestic data releases today.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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