The NZDUSD opens at 0.7455 (mid-rate) this morning.
The NZD has had another quiet night ahead of this morning’s U.S and NZ Monetary Policy Statements, with investors remaining short on expectations the RBNZ will shift its interest rate stance from a tightening bias to neutral.
Global equity markets are mixed - Dow +0.22%, Nikkei +0.15%, Shanghai -1.41%, FTSE +0.21% DAX +0.76%, CAC -0.29%
Gold prices are down $5 to $1286, Oil prices are down 2.79% at $44.94 a barrel.
The current indicative mid-rates are:
NZDUSD 0.7455
NZDEUR 0.6576
NZDGBP 0.4916
NZDJPY 87.79
NZDAUD 0.9358
NZDCAD 0.9289
Domestic data releases today:
9:00 - RBNZ Rate Statement
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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