The NZDUSD opens at 0.8330 this morning.
Another quiet night for the NZD$ with traders preferring to trade the majors.
The USD fell against most major currencies after soft US Consumer Confidence Data drove bond yields lower, weakening demand for the US currency
Global equity markets were mixed with the FTSE down 0.5% snapping a seven session winning run. The Nikkei rose 1.4% its highest close since Jan 29th. Both the DOW and the SPX are currently unchanged.
Gold prices once again rose hitting a new 4 month high of USD$1343.
US Crude fell more than $125 a barrel on expectations that inventories are building and diesel demand is falling as winter weather eases.
The NZD opens at 0.8330 USD, 0.9235 AUD, 0.9230 CAD, 0.6060 EUR, 0.4991 GBP, & 85.20 JPY.
There is no local or Australian data due out today.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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