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The Opening Bell: Where currencies start for Monday, September 8, 2014

Currencies
The Opening Bell: Where currencies start for Monday, September 8, 2014

By Dan Bell

The NZDUSD opens at 0.8315 this morning.

The NZD is higher this morning after disappointing US employment data broke a six-month run of at least 200,000 jobs a month, the U.S. economy added just 142,000 jobs during August,.

Economists had expected the number to come in at 228,000. The unemployment rate improved slightly to 6.1%.

The big mover on this morning’s open, has been the GBP which has opened 150 pips lower against the US after a poll placed the pro-separatist Yes campaign ahead for the first time.

51% of Scots back independence with ten days to go until the referendum - overturning a 22-point lead for the Better Together campaign in just a month.

Global equity markets had a mixed close for the week  - Dow +0.4%, Nikkei -0.05%, Shanghai +0.85%, FTSE -0.33% DAX +0.23%

Gold prices are slightly higher trading at USD$1268, Oil price $93.45 -1.23%.(-$1.16)

The current indicative mid-rates are:

NZDUSD           0.8315
NZDEUR           0.6427
NZDGBP           0.5142
NZDJPY              87.37
NZDAUD           0.8875
NZDCAD           0.9051

Domestic data releases today:
10:45 - Manufacturing Sales q/q

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

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End of day UTC
Source: CoinDesk

 

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1 Comments

A whisky drinkers view of the Scottish Referendum   https://www.youtube.com/watch?v=Bk18B0zBALg&list=UUp0k3OKqfkPW0HdRLA8JW…
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