The NZDUSD opens at 0.7810 this morning.
The NZDUSD has bounced off yesterday’s lows as investors take profit on their long USD positions following the weekend’s strong payroll release.
Out of Europe last night the data was once again weak with German Factory Orders m/m down 5.7% (worst in 5 yrs) and the Sentix Investor Confidence - 13.7 vs. -11.8
Global equity with the US being the exception are higher - Dow -0.12%, Nikkei +1.16%, Shanghai Closed, FTSE +0.55% DAX +0.15%, CAC +0.11%
Gold prices are on track for their biggest one day gain in 8 weeks currently up $16 to $1206 Oil prices are slightly higher trading at $90.15 a barrel
The current indicative mid-rates are:
NZDUSD 0.7810
NZDEUR 0.6193
NZDGBP 0.4868
NZDJPY 85.05
NZDAUD 0.8933
NZDCAD 0.8711
Domestic data releases today:
10:00 - NZIER Business Confidence
16:30 - RBA Cash Rate & Statement.
----------------------------------------------------------
To subscribe to our free daily Currency Rate Sheet and News email, enter your email address here.
----------------------------------------------------------
Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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.