The NZDUSD opens at 0.7512 (mid-rate) this morning.
The NZDUSD has opened this morning at levels last seen in June 2012.
Early this morning Mario Draghi confirmed the ECB will expand their asset purchase programme, the quantitative easing measure was greater than market economists had expected. Beginning March 2015 and continuing through to September 2016 (and beyond if necessary) the ECB will purchase EUR 60bn in assets (expected 50bn).
Global equity markets are higher - Dow +0.67%, Nikkei +0.28%, Shanghai +0.59%, FTSE +1.02% DAX +1.32%, CAC +1.52%
Gold prices are trading back above $1300 at $1302 (+$8.50), Oil prices are down $1.00 trading at $46.78
The current indicative mid-rates are:
NZDUSD 0.7512
NZDEUR 0.6599
NZDGBP 0.4998
NZDJPY 88.67
NZDAUD 0.9304
NZDCAD 0.9301
There are no Domestic data releases today.
14:45 – CNY HSBC Flash Manufacturing PMI
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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