The NZDUSD opens lower at 0.7855 this morning.
Reasonably quiet session to start the week the NZD made its high just above 0.7900 before a contained sell off saw it trade down to current levels.
The EUR clawed back some of its weekend losses following the German IFO release which beat expectations and pushed NZD/EUR down over half a cent.
Global equity markets mixed on the day – Dow -0.1%, Nikkei +0.3%, Shanghai +1.9% FTSE-0.3%, DAX +0.5%
Gold prices finished -0.1 % at USD$1,196. Oil finished at -0.1%.
The current indicative mid-rates are:
NZDUSD 0.7855
NZDEUR 0.6320
NZDGBP 0.5005
NZDJPY 93.00
NZDAUD 0.9125
NZDCAD 0.8880
On the day:
BOJ Governor Kuroda Speaks 2:00pm
New Zealand quarterly inflation expectations 3:00pm
NZ Business Confidence on Friday 1:00pm
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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