By Dan Bell
The NZD/USD opens around 0.8270 this morning following an improved tone across global markets.
US stocks have had a very strong night with the S&P 500 currently up 1.28%. Commodities are mixed.
The Italian election developments will keep investors nervous although Italian and Spanish bond yields have eased overnight and Italy managed to sell EUR 6.5bn in 5 and 10 year bonds so perhaps the market’s reaction earlier in the week was overdone.
The NZD opens at current mid rates: 0.8084 AUD, 0.6292 EUR, 0.5456 GBP, 76.24 JPY, 0.8455 CAD.
From NZ today we get Building Approvals and Business Confidence. From Australia we get Private CAPEX numbers.
------------------------------------------------------------
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.