The NZDUSD opens at 0.7538 (mid-rate) this morning.
The NZDUSD rallied on the back of yesterday’s China PMI data release and has once again tested its 0.7560 resistance level. Investors will now look to the Fonterra payout forecast announcement due out later this morning for further direction.
The U.S. New Home Sales data dipped by 0.2% to an annual rate of 481k in January well ahead of the estimated 471k.
Global equity markets are mixed- Dow +0.05%, Nikkei -0.1%, Shanghai -0.56% FTSE -0.21% DAX +0.04%, CAC -0.09%
Gold prices are back above $1200 currently trading at $1201 (+$2.30), Oil prices are up 1.25% at $51.53 a barrel
The current indicative mid-rates are:
NZDUSD 0.7538
NZDEUR 0.6635
NZDGBP 0.4859
NZDJPY 89.66
NZDAUD 0.9556
NZDCAD 0.9378
Domestic data releases today
10:45 - Trade Balance
- Visitor Arrivals m/m
---------------------------------------------------------
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.