The NZDUSD opens at 0.7120 (mid-rate) this morning.
The NZD relatively unchanged against all its major competitors over the past 24hrs, with the only exception being the AUD which weakened on the back of yesterday’s disappointing retail sales and trade balance data releases.
The weekly U.S. jobless claims edged down to 276k -8k, from the previous week's revised level of 284k fuelling traders’ expectations that tonight’s Non- farm-payrolls may print stronger than the expected 220k jobs for the month of May.
The Greek saga continues with Greece looking to bundle all debts due in June into one payment of EUR 1.6bil to be paid at the end of the month.
European and U.S equity markets are broadly lower - Dow -1.0%, Nikkei +0.07%, Shanghai +0.76%,FTSE -1.31%, DAX -0.69%, CAC -0.35%
Gold prices are down another $7 overnight currently trading at $1177, Oil (WTI) has also fallen 2.5% trading at $58.10 a barrel.
The current indicative mid-rates are:
NZDUSD 0.7120
NZDEUR 0.6333
NZDGBP 0.4630
NZDJPY 88.52
NZDAUD 0.9265
NZDCAD 0.8895
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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