Currencies
The Opening Bell: Where currencies start for Friday, July 26, 2013
26th Jul 13, 9:11am
by
The NZD/USD opens higher at 0.8080 this morning after a hawkish RBNZ statement yesterday pointed to rate hikes in 2014.
Market has now priced in 100bps of hikes against 85bps before yesterday’s statement – puts a big focus on upcoming data to sustain that view!
US data slightly worse weakening the USD – Durable Goods Orders flat and Unemployment Claims slightly worse.
Stock markets currently: Dow Jones +0.09%, S&P +0.26%, FTSE -0.49%.
The NZD opens the crosses - 0.8730 AUD, 0.6080 EUR, 0.5245 GBP, 80.15 JPY, 0.8300 CAD.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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