The NZDUSD opens at 0.6612 (mid-rate) this morning.
In the absence of any notable data releases the NZDUSD has had a relatively quiet night, firstly drifting down to trade as low as 0.6558 before retracing back above 0.6600 on the back of strengthening commodity prices.
There were mixed messages from Atlanta Fed Governor Dennis Lockhart after he stated that policy makers are “close to hiking rates” but fell short of mentioning “September”, with some economists now believing December is the more likely time for the first rate hike.
Global equity markets have had a strong start to the week - Dow +1.37%, S&P 500 +1.25%, FTSE +0.26%, DAX +0.99%, CAC +1.63%, Nikkei -0.16%, Shanghai +4.92%.
Gold prices are currently trading back above $1100 an ounce, up $11 to $1102.50, WTI Crude Oil has also had a strong start to the week up 2.1% to $44.79 a barrel.
NZDUSD 0.6612 0.1%
NZDEUR 0.6004 -0.3%
NZDGBP 0.4241 -0.5%
NZDJPY 82.40 0.4%
NZDAUD 0.8928 0.1%
NZDCAD 0.8605 -0.7%
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.