The Opening Bell: Where currencies start for Friday, November 21, 2014

By Dan Bell

The NZDUSD opens at 0.7875 this morning.

We a saw disappointing China Manufacturing PMI release yesterday followed by poor Eurozone PMI’s however sentiment was turned around with positive monthly CPI numbers and slightly lower than expected unemployment claims out of the U.S.

Main headlines overnight:

  • Dollar rally loses steam after tame inflation report 
  • Japanese manufacturing sector slows in November
  • Gold price rise as low price tempts physical buyers

 Global equity markets mainly up on the day – Dow 0.0%, Nikkei +0.1%, Shanghai +1.7% FTSE-0.3%, DAX +0.1%.

Gold prices finished up +0.2% at USD$1,193. Oil bounced back, currently up +1.5%.

The current indicative mid-rates are:

NZDUSD        0.7872

NZDEUR        0.6275

NZDGBP        0.5015

NZDJPY        92.90

NZDAUD        0.9120

NZDCAD        0.8895

ECB President Draghi is speaking later 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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USD 
NZD
End of day UTC
Source: CoinDesk

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