The NZDUSD opens at 0.7735 (mid-rate) this morning.
Not much to report the NZD$ opens slightly lower this morning with very little flow over the past 24 hrs.
This morning we have the release of NZ’s Trade balance hitting the tapes at 10:45. Overnight tonight we have the release of the U.S. Final GDP and Core Durable Goods Orders.
Equity markets have had a positive start to the week - Dow +0.64%, Nikkei +0.08%, Shanghai +0.61%, FTSE +0.48% DAX +0.81%, CAC +0.30%.
Gold prices have started the week on the back foot down $17 to $1178, Oil prices are also lower trading at $55.45 (-2.94%).
The current indicative mid-rates are:
NZDUSD 0.7735
NZDEUR 0.63.12
NZDGBP 0.4955
NZDJPY 92.75
NZDAUD 0.9503
NZDCAD 0.9002
Domestic data releases today:
10:45 trade balance
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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