sign up log in
Want to go ad-free? Find out how, here.

The Opening Bell: Where currencies start for Friday, July 26, 2013

Currencies
The Opening Bell: Where currencies start for Friday, July 26, 2013

By Dan Bell

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.

Email:  

-------------------------------------------------------------

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.