The Opening Bell: Where currencies start for Friday, March 1, 2013

By Dan Bell

The NZD/USD opens lower at 0.8280 this morning after a relatively quiet night for global markets.

The EURUSD fell below 1.3100 after an advisory report suggested that the ECB may discuss interest rates next weeks.

US Q4 GDP growth was revised higher from -0.1% to +0.1% and Jobless claims were lower, a good night for US data.

Stock markets currently: Dow Jones +0.44%, S&P +0.51 %, FTSE +0.55%.

The NZD opens the crosses - 0.8090 AUD, 0.6330 EUR, 0.5460 GBP, 76.80 JPY, 0.8515 CAD.

No domestic data today – Chinese Manufacturing PMI data today at 2.00pm.


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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here

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