Currencies
The Opening Bell: Where currencies start for Friday, August 9, 2013
9th Aug 13, 9:07am
by
The NZD/USD opens at 0.8010 this morning after a night punctuated by investor risk appetite.
Positive Chinese and German Trade Balance numbers, combined with better than expected US data saw equity markets rally and commodities go higher – CRB index up 0.7%.
Stock markets currently: Dow Jones +0.19%, S&P +0.46%, FTSE +0.28%.
The NZD opens the crosses - 0.8790 AUD, 0.5995 EUR, 0.5160 GBP, 77.46 JPY, 0.8280 CAD.
From Australia, the RBA Monetary Policy Statement out at 1.30pm, along with Chinese CPI and PPI at the same time.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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