The NZDUSD opens at 0.8550 this morning.
The NZDUSD traded to a 3.5 week low of 0.8520 overnight as Ukraine inspired risk aversion remains elevated, and US data printed better than expected.
The GBP rose on the back of robust UK growth. The NZDGBP rate fell to 0.5060 as a consequence - a level last seen 7 weeks ago.
The NZDEUR dropped to a 6 week low of 0.6145.
Global equity markets were mostly higher on the day - Dow 0.5%, Nikkei -1.0%, Shanghai +1.1%, FTSE +1.0%, DAX +1.5%
Gold prices are at USD$1295. Oil prices increased 0.7%.
The current indicative mid-rates are:
NZDUSD 0.8550
NZDEUR 0.6190
NZDGBP 0.5080
NZDJPY 87.75
NZDAUD 0.9225
NZDCAD 0.9360
NZ Building Consents will be released at 10:45am, followed by the ANZ Business Confidence numbers at 1:00pm.
The Euro-zone inflation figures hit the tapes tonight, followed by the US ADP non-farm employment change (the precursor to the all-important US non-farm payroll figures, scheduled for Friday night), US GDP, and a US FOMC statement tonight.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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