The NZDUSD opens at 0.7778 (mid-rate) this morning.
The NZD has fallen against all our major trading partners over the past 24 hours with traders repositioning for the new year and falling commodity prices weighing heavy on the currency.
Brent Crude has fallen nearly 5% over the past 24hrs and has closed comfortably below $50 a barrel for the first time since April 2009.
Global equity markets have started the week mixed - Dow -0.65%, Nikkei Closed, Shanghai -1.71%, FTSE 0.00%, DAX +1.38%, CAC +1.18%
Gold prices are up 1.04% currently trading at $1228, while Oil prices are again lower down -4.07% to $46.39
The current indicative mid-rates are:
NZDUSD 0.7778
NZDEUR 0.6562
NZDGBP 0.5121
NZDJPY 92.83
NZDAUD 0.9521
NZDCAD 0.9278
Data releases today:
CNY - 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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