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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