The NZDUSD opens at 0.7780 (mid-rate) this morning.
The NZDUSD is slightly lower this morning with interbank spreads still very wide in the aftermath of Fridays shock SNB announcement.
The U.S. Consumer Sentiment Index spiked to an eleven-year high.
In January the preliminary reading on the consumer sentiment index for January came in at 98.2 (expected 94.1) while the sharp drop in energy prices has seen U.S. Consumer Price Index fall by 0.4% (their biggest drop in 6yrs).
Global equity markets with the Nikkei being the exception had a strong close to the week - Dow +1.1%, Nikkei -1.43%, Shanghai +1.20%, FTSE +0.79% DAX +1.35%, CAC +1.31%
Gold prices are up 1.40% closing the week at $1,280, Oil prices closed up 4.91% at $48.48
The current indicative mid-rates are:
NZDUSD 0.7780
NZDEUR 0.6720
NZDGBP 0.5130
NZDJPY 91.40
NZDAUD 0.9460
NZDCAD 0.9310
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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