Currencies
The Opening Bell: Where currencies start on Wednesday, December 21, 2011
21st Dec 11, 8:37am
by
By Dan Bell
Global markets have had a positive night across the board led by better than expected economic data from the US and Germany and another good auction of Spanish government bonds.
US stocks are currently up over 2.5% with another 90 mins before the New York close.
Commodities have rallied with the CRB Index up 1.97% led by oil prices up over 3%.
The NZD is up against most major cross rates and opens at current indicative levels: 0.5870 EUR, 0.7630 AUD, 0.4900 GBP, 59.70 JPY.
From NZ we get Current Account and Migration data at 10:45 and Credit Card Spending later this afternoon.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here
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