The NZDUSD opens at 0.7750 (mid-rate) this morning.
The release of the US Non-Farm payrolls has seen the NZDUSD fall more than a cent from Friday’s high of 0.7865.
The Non-Farm payroll release showed employers added 248k jobs vs 215k while the unemployment rate fell to a six year low of 5.9%.
Europe’s retail sales volumes rose 1.2% in August, with Germany, France and Spain all beating market expectations.
The European PMI’s were mixed with Germany revised up from 55.4 to 55.7 while France Spain and Italy all posted disappointing numbers.
UK PMI services slipped from 60.5 to 58.7 in September.
Global equity markets had a strong finish to the week - Dow +1.24%, Nikkei +0.3%, Shanghai +0.26%, FTSE +1.25% DAX - closed
Gold finished the week lower losing another 1.86% on Friday to close at $1,192. Oil also fell closing below $90 a barrel at $89.71.
The current indicative mid-rates are:
NZDUSD 0.7750
NZDEUR 0.6200
NZDGBP 0.4875
NZDJPY 85.25
NZDAUD 0.8950
NZDCAD 0.8730
There are no domestic data releases 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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