The Opening Bell: Where currencies start for Tuesday, November 25, 2014

By Dan Bell

The NZDUSD opens lower at 0.7855 this morning.

Reasonably quiet session to start the week the NZD made its high just above 0.7900 before a contained sell off saw it trade down to current levels.

The EUR clawed back some of its weekend losses following the German IFO release which beat expectations and pushed NZD/EUR down over half a cent.

Global equity markets mixed on the day – Dow -0.1%, Nikkei +0.3%, Shanghai +1.9% FTSE-0.3%, DAX +0.5%

Gold prices finished -0.1 % at USD$1,196. Oil finished at -0.1%.

The current indicative mid-rates are:

NZDUSD           0.7855
NZDEUR           0.6320
NZDGBP           0.5005
NZDJPY             93.00
NZDAUD           0.9125
NZDCAD           0.8880

On the day:

BOJ Governor Kuroda Speaks 2:00pm

New Zealand quarterly inflation expectations 3:00pm

NZ Business Confidence on Friday 1:00pm

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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »

Daily exchange rates

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USD 
NZD
End of day UTC
Source: CoinDesk

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