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The Opening Bell: Where currencies start on Wednesday, January 28, 2015

Currencies
The Opening Bell: Where currencies start on Wednesday, January 28, 2015

By Dan Bell

The NZDUSD opens at 0.7445 (mid-rate) this morning.

The NZDUSD traded to a high of 0.7475 overnight as the USD gave back some of its recent gains following a disappointing durable goods orders data release.

Last night’s U.S. data releases were mixed with December’s Durable Goods Orders tumbling 3.4% following a revised 2.1% decrease in November (expected Dec +0.6%, Nov revision -0.7%), while both CB Consumer Confidence and New Home Sales came in ahead of market expectations (Consumer Confidence 102.9 vs. 95.3, New Home Sales 481k vs. 452k).

Global equity markets with the Nikkei being the exception are broadly lower  - Dow -1.65%, Nikkei +1.72%, Shanghai -0.89%, FTSE -0.60% DAX -1.57%, CAC -1.09%

Gold prices are up $10 to $1290, Oil prices are up a $1 trading at $46.21 a barrel

The current indicative mid-rates are:

NZDUSD           0.7445

NZDEUR           0.6558

NZDGBP           0.4902

NZDJPY            87.72

NZDAUD           0.9398

NZDCAD           0.9239

There are no Domestic data releases today.

Tomorrow morning we have the release of the FOMC and RBNZ Monetary Policy Statements

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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »

Daily exchange rates

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Source: RBNZ
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End of day UTC
Source: CoinDesk

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