The NZDUSD opens at 0.7718 (mid-rate) this morning.
The NZD is again lower this morning with the US Dollar Index firming slightly overnight and investors happy to sell NZDAUD.
Overnight we saw the release of the UK’s CPI y/y (a measure of inflation) halved to 0.5% in December from 1 percent in November equalling the lowest on record last seen in May 2000. Statistics show lower fuel and food prices as well as declining factory-gate prices are the main drivers.
Global equity markets are broadly higher - Dow +0.51%, Nikkei -0.64%, Shanghai +0.19%, FTSE +0.63%, DAX +1.63%, CAC +1.47%
Gold prices are up 0.37% currently trading at $1237, while Oil prices are again lower falling another 1.00% to $45.61
The current indicative mid-rates are:
NZDUSD 0.7718
NZDEUR 0.6558
NZDGBP 0.5092
NZDJPY 91.13
NZDAUD 0.94.62
NZDCAD 0.9222
There are no domestic data releases today
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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