The NZDUSD opens at 0.7405 (mid-rate) this morning.
The NZD has had a relatively quiet 24hr-hours and opens this morning slightly lower, with the absence of any major data releases the NZD has once again tracked commodity prices.
At the moment all eyes remain on Greece with the German Finance Minister Wolfgang Schaeuble warning that negotiations with Greece, which wants to scrap its bailout program in favour of a new one, with easier terms, would be dead if Athens pulls out of the current one, he also stated that there was is chance of reaching a final deal at an emergency Euro-zone finance ministers' meeting on Wednesday.
Global equity markets remain mixed - Dow +0.42%, Nikkei -0.33%, Shanghai +1.50%, FTSE -0.12% DAX +0.85%, CAC +0.96%
Gold prices are down $7 currently trading at $1232, Oil prices have fallen 4.5% to $51.21 a barrel
The current indicative mid-rates are:
NZDUSD 0.7405
NZDEUR 0.6548
NZDGBP 0.4853
NZDJPY 88.37
NZDAUD 0.9527
NZDCAD 0.9322
There are no NZ data releases today
---------------------------------------------------------
To subscribe to our free daily Currency Rate Sheet and News email, enter your email address here.
----------------------------------------------------------
Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.