The NZDUSD opens at 0.7965 this morning.
The NZDUSD is again at the top end of its recent range boosted by yesterdays domestic data releases, with both the Services Index and ANZ Consumer Confidence Survey printing slightly better than market expectations.
Overnight the Euro-zone Current account data came in slightly weaker printing 18.9B vs. 21.3B while the UK house price data showed a 7.6%y/y rise with London increasing 9.6%y/y and up 7% m/m.
Global Equity Markets are mixed - Nikkei +3.98%, Shanghai +0.66%, FTSE -0.68% DAX -1.50%, CAC-1.04%, Dow -0.02%
Gold Prices are up $7.00 trading at $1244, Oil prices remained steady at $82.91 a barrel
The current indicative mid-rates are:
NZDUSD 0.7965
NZDEUR 0.6227
NZDGBP 0.4930
NZDJPY 85.16
NZDAUD 0.9065
NZDCAD 0.8987
Domestic data releases today:
10:45 - Visitor Arrivals m/m
15:00 – China GDP q/y and Industrial Production y/y
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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