The NZDUSD opens at 0.8376 this morning.
The NZD starts the day slightly higher against all of its major trading partners after yesterdays Q2 terms of trade data rose 0.3% q/q.
Overnight trading was light, as expected, due to the US Labor Day holiday.
The EURO hit a year low versus the dollar after the Euro-zone manufacturing PMI came in slightly disappointing and German Q2 GDP was confirmed at -0.2%.
At 4:30pm today the RBA kick off with the first of this week’s Central Bank OCR announcements.
Global equity markets inched higher - Dow closed, Nikkei +0.34%, Shanghai +0.83%, FTSE +0.08% DAX +0.09%
Gold prices are slightly higher at USD$1,288, oil price -0.01%.
The current indicative mid-rates are:
NZDUSD 0.8376
NZDEUR 0.6380
NZDGBP 0.5044
NZDJPY 87.40
NZDAUD 0.8968
NZDCAD 0.9107
Domestic data releases today:
13:00 - ANZ Commodity Prices m/m
----------------------------------------------------------
To subscribe to our free daily Currency Rate Sheet and News email, enter your email address here.
----------------------------------------------------------
Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
Daily exchange rates
Select chart tabs
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.