The NZDUSD opens at 0.6684 (mid-rate) this morning.
The NZD has put in a pretty good performance over the past 24hrs, aided firstly by China's top securities regulator assuring the market that the government will increase its purchases of stocks, followed by another night where U.S. data releases failed to meet market expectations.
This morning’s trading session will be dictated by RBNZ Gov Wheelers press announcement before investors turn their attention toward tomorrows FOMC.
Last night’s U.S. Consumer Confidence data fell well short of economists’ expectations tumbling to 90.9 (exp 99.6) in July from a downwardly revised 99.8 in June.
Global equity markets are mixed - Dow +1.08%, S&P 500 +1.26%, FTSE +0.77%, DAX +1.06%, CAC +1.01%Nikkei -0.10%, Shanghai -1.68%.
Gold prices are holding steady at $1095 an ounce, WTI Crude Oil is little changed at $47.70 a barrel.
NZDUSD 0.6684 1.2%
NZDEUR 0.6051 1.6%
NZDGBP 0.4284 0.8%
NZDJPY 82.61 1.4%
NZDAUD 0.9122 0.5%
NZDCAD 0.8645 0.3%
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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