The NZDUSD opens at 0.7382 (mid-rate) this morning.
The NZDUSD pushed higher yesterday afternoon but fell just short of testing its 0.7450 resistance level, with the absence of any major data releases the NZD has followed commodity prices lower, as the market awaits news from Greece’s meeting with its European creditors.
Later this afternoon (13:30) we have the release of Australia’s employment report, which if disappointing could see the NZDAUD push back above 0.9600 (0.9652 is the all-time high).
Global equity markets with the Shanghai a notable exception are lower- Dow -0.51%, Nikkei CLOSED, Shanghai +0.51%, FTSE -0.16% DAX -0.002%, CAC -0.35%.
Gold prices are down $13 currently trading at $1220, Oil prices have fallen another 2.25% to $48.95 a barrel.
The current indicative mid-rates are:
NZDUSD 0.7382
NZDEUR 0.6532
NZDGBP 0.4842
NZDJPY 88.70
NZDAUD 0.9575
NZDCAD 0.9331
Domestic data releases today:
10:45 - Business NZ Manufacturing Index
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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