The NZDUSD opens at 0.7382 (mid-rate) this morning.
The NZDUSD has traded to a high of 0.7400 overnight on a combination of softer than expected second-tier US data and investors taking profit on their long USD positions ahead of Thursday’s FOMC statement.
The US Industrial Production inched up 0.1% (expected 0.3%) while the General Business Conditions Index fell to 6.9 in March from 7.8 in February.
Global equity markets are broadly higher - Dow +1.25%, Nikkei -0.044%, Shanghai +2.26%, FTSE +0.94% DAX +2.24%, CAC +1.01%
Gold prices are down $5 currently trading at $1,153, Oil (WTI) plunged 4% trading below $43.00 for the first time in 6 years
The current indicative mid-rates are:
NZDUSD 0.7382
NZDEUR 0.6975
NZDGBP 0.4978
NZDJPY 89.67
NZDAUD 0.9655
NZDCAD 0.9429
There are no domestic data releases today
13:30 – RBA Monetary Policy Meeting Minutes
Tentative – BOJ Monetary Policy Meeting Minutes
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.