The NZDUSD opens at 0.7410 (mid-rate) this morning.
The NZDUSD is once again lower as risk was sold on the back of the Greek election result, and investors positioning themselves long USD and short NZD going into Thursday’s FOMC Statement and NZ’s Reserve Bank Cash Rate announcement.
Overnight German IfO business climate improved further 106.7 in January, slightly better than the forecasted 106.5.
Global equity markets are higher - Dow +0.12%, Nikkei -0.25%, Shanghai +0.94%, FTSE +0.29% DAX +1.40%, CAC +0.74%
Gold prices are trading back below $1,300 at $1,280 (-$12.30), Oil prices are holding steady at $45.86
The current indicative mid-rates are:
NZDUSD 0.7410
NZDEUR 0.6569
NZDGBP 0.4907
NZDJPY 87.68
NZDAUD 0.9352
NZDCAD 0.9217
There are no Domestic data releases today
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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