By Dan Bell
The NZDUSD had a quiet evening, opening this morning where we were last night, 0.8220.
US data was mildly disappointing last night, consumer confidence down slightly, US Richmond Fed factory index and US house prices also lower.
Mervyn King, the Bank of England governor spoke of potentially not needing anymore QE in the UK, it’s being looked at month to month, time will tell.
Stock markets are relatively unchanged, FTSE -0.56%, Dow Jones -0.13%, S&P +0.04%
The NZD opens against the crosses at 0.6160 EUR, 0.7845 AUD, 0.5150 GBP, 68.35 JPY
US Fed Chairman Ben Bernanke to do a TV interview 11.30am NZT, will be watched closely for any further US QE clues.
----------------------------------------------------------------
To subscribe to our daily Currency Rate Sheet email, enter your email address here.
----------------------------------------------------------------
Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here
No chart with that title exists.
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.