The NZDUSD opens at 0.7880 (mid-rate) this morning.
The NZDUSD opens this morning higher, after yesterdays China Trade Balance came in ahead of market expectations, and Investors trimmed their long USD positions, fearing that the US Federal Reserve may delay its first interest rate rise on the back of global growth concerns.
Global equity markets are mixed - Dow -0.12%, Nikkei - CLOSED, Shanghai -0.36%, FTSE +0.41%, DAX +0.27%, CAC +0.12%
Gold Prices are up boosted by a strong rebound in Chinese imports of industrial commodities in September. Gold $1230 (+$7.84). Oil prices are slightly lower trading at $85.66 a barrel (-0.19%).
The current indicative mid-rates are:
NZDUSD 0.7880
NZDEUR 0.6219
NZDGBP 0.4903
NZDJPY 84.62
NZDAUD 0.8993
NZDCAD 0.8825
There are no NZ data releases, out of Australia at 1:30 we have the NAB Business Confidence numbers.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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