The NZD/USD opens higher at 0.8065 this morning after a volatile night.
The USD strengthened initially on a better Unemployment Claims number (320K vs. 334K), but saw a sell off shortly after due to as much worse Philly Fed Manufacturing Index (9.3 vs. 15.6).
The GBP had a good night after UK Retail Sales numbers surprised to the top side for July.
Stock markets currently: Dow Jones -1.40%, S&P -1.42%, FTSE -1.58%.
The NZD opens the crosses - 0.8835 AUD, 0.6045 EUR, 0.5160 GBP, 78.54 JPY, 0.8315 CAD.
A quiet data day – RBA Assistant Governor Debelle speaks at 1.30pm – Go the All Blacks!
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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