The NZD/USD opens higher at 0.7850 this morning after weaker than expected US data saw dollar weakness across the board.
Durable Goods Orders came in at -7.3% vs -3.0% expectation, the biggest drop seen in a year.
The NZD showed little reaction to a poor Trade Balance number yesterday which came in at -774M vs -18M expectation.
Stock markets currently: Dow Jones -0.43%, S&P -0.40%, FTSE closed.
The NZD opens the crosses - 0.8695 AUD, 0.5870 EUR, 0.5040 GBP, 77.30 JPY, 0.8240 CAD.
No data today domestically or from Australia, all eyes tonight on German IFO Business Climate figures.
-------------------------------------------------------------
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.