sign up log in
Want to go ad-free? Find out how, here.

The Opening Bell: Where currencies start on Wednesday, April 1, 2015

Currencies
The Opening Bell: Where currencies start on Wednesday, April 1, 2015

By Dan Bell

The NZDUSD opens at 0.7475 (mid-rate) this morning.

The NZDUSD traded down to 0.7455 overnight with the USD continuing to make head-way following the release of U.S. CB Consumer Confidence data.

The U.S. Consumer Confidence Index jumped to 101.3 in March from an upwardly revised 98.8 in February surprising economists who had been expecting a fall to 95.5 from the 96.4 originally reported for February.

News out of Europe again disappointed with Euro-zone inflation falling for the fourth month in a row (CPI Flash Estimate y/y -0.1%)(and the Euro-zone unemployment rate worsening  more-than-forecast to 11.3%(expected 11.2%).

Global equity markets are broadly lower - Dow -0.54%, Nikkei -1.05%, Shanghai -1.02%, FTSE -1.72% DAX -0.99%, CAC -0.98%.

Gold prices are down another $2 trading at $1185 Oil (WTI) dropped 1.5% currently trading at $47.75.

The current indicative mid-rates are:

NZDUSD           0.7475
NZDEUR           0.6958
NZDGBP           0.5033
NZDJPY              89.65
NZDAUD           0.9808
NZDCAD           0.9467

Data releases today:

14:00 – CNY Manufacturing PMI

14:45 – CNY HSBC Final Manufacturing PMI


To subscribe to our free daily Currency Rate Sheet and News email, enter your email address here.

Email:   

Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »

Daily exchange rates

Select chart tabs

Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
End of day UTC
Source: CoinDesk

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.