The Opening Bell: Where currencies start for Wednesday, November 14, 2012

By Dan Bell

The NZD/USD opens higher this morning after a positive night for stock markets and speculation that Germany may pay Greece one bundled relief payment of EUR 44bln – currently 0.8195.

This news was coupled by more noise about an imminent Spanish bailout request.

German ZEW outlook survey slid from -11.5 to -15.7 for November, whilst UK CPI leapt to 2.7% in October.

The RICS UK house price survey also showed the least pessimistic number in two years.

Dow Jones +0.30%, S&P +0.47%, FTSE +0.33%, CRB Index +0.05%.

The NZD opens the crosses - 0.7850 AUD, 0.6450 EUR, 0.5160 GBP, 65.15 JPY, 0.8205 CAD.

NZ Retail Sales numbers this morning at 10.45am, could be a mover considering the uncertainty around the RBNZs next move.


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

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment or click on the "Register" link below a 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.