The NZDUSD opens at 0.7621 (mid-rate) this morning.
The NZDUSD peaked at 0.7685 following the U.S data releases but has since fallen steadily to where we open this morning.
Overnight data releases showed German Business Confidence improved for the fifth straight month to an eight-month high in March printing 107.9 up from 106.8 in February.
While the US Durable Goods Orders unexpectedly fell by 1.4% in February following a downwardly revised 2.0 percent increase in January.
Global equity markets continue to be mixed - Dow -0.47%, Nikkei -0.21%, Shanghai +0.1%, FTSE -0.26% DAX +0.92%, CAC +0.67%.
Gold prices continue to rise currently trading at $1193 (+$5), Oil (WTI) is currently trading at $48.35 a barrel (+60 cents).
The current indicative mid-rates are:
NZDUSD 0.7621
NZDEUR 0.6944
NZDGBP 0.5118
NZDJPY 91.07
NZDAUD 0.9711
NZDCAD 0.9528
There are no domestic data releases today
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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