The NZDUSD opens at 0.7760 (mid-rate) this morning.
The NZDUSD is little changed from Friday, without any major data releases until Tuesday night when the US release their final GDP q/q the markets seem happy to drift.
It should be noted that with the lack of liquidity (due to the holiday season) any moves in the currency markets could be exaggerated.
Equity markets with the DAX and CAC being exceptions closed higher on Friday - Dow +0.15%, Nikkei +2.39%, Shanghai +1.67%, FTSE +1.23% DAX -0.25%, CAC -0.18%.
Gold prices closed slightly lower on Friday at $1194 (-$3.70), Oil prices rose 4.81% closing Friday at $57.77 a barrel.
The current indicative mid-rates are:
NZDUSD 0.7760
NZDEUR 0.63.48
NZDGBP 0.4971
NZDJPY 92.68
NZDAUD 0.9505
NZDCAD 0.8981
There are no domestic data releases today.
----------------------------------------------------------
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 »
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.