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

The Opening Bell: Where currencies start on Monday, August 18, 2015

Currencies
The Opening Bell: Where currencies start on Monday, August 18, 2015

By Dan Bell

The NZDUSD opens at 0.6576 (mid-rate) this morning.

In what has been a quiet start to the trading week the NZD has outperformed all of its major trading partners and opens this morning having made average gains of 0.7%.

Continuing the recent trend, the overnight U.S. data releases were once again mixed, with the U.S.

Housing Market Index inching up from 60 in July to 61 in August its highest level since Nov 2005.

In contrast the New York Manufacturing Index Tumbled to a six year low in August, falling from + 3.9 in July to a -14.9 in August.

The sharp drop can be attributed to the falling new orders index which slumped from +3.5 in July to -15.7 in August.

Overnight we have the latest GDT auction which will be the main focus for NZD traders.

Global equity markets remain mixed - Dow +0.36%, S&P 500 +0.47%, FTSE -0.01%, DAX -0.41%, CAC +0.57%, Nikkei +0.49%, Shanghai +0.71%.

Gold prices continue to rise, currently up $3 to $1116.25 an ounce, WTI Crude Oil is still falling down 1.4% to $41.85 a barrel.

NZDUSD           0.6576       0.6%
NZDEUR           0.5935       0.8%
NZDGBP           0.4216       0.9%
NZDJPY             81.82        0.6%
NZDAUD           0.8912       0.5%
NZDCAD           0.8605       0.5%


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.