The NZDUSD opens at 0.7445 (mid-rate) this morning.
The NZDUSD traded to a high of 0.7475 overnight as the USD gave back some of its recent gains following a disappointing durable goods orders data release.
Last night’s U.S. data releases were mixed with December’s Durable Goods Orders tumbling 3.4% following a revised 2.1% decrease in November (expected Dec +0.6%, Nov revision -0.7%), while both CB Consumer Confidence and New Home Sales came in ahead of market expectations (Consumer Confidence 102.9 vs. 95.3, New Home Sales 481k vs. 452k).
Global equity markets with the Nikkei being the exception are broadly lower - Dow -1.65%, Nikkei +1.72%, Shanghai -0.89%, FTSE -0.60% DAX -1.57%, CAC -1.09%
Gold prices are up $10 to $1290, Oil prices are up a $1 trading at $46.21 a barrel
The current indicative mid-rates are:
NZDUSD 0.7445
NZDEUR 0.6558
NZDGBP 0.4902
NZDJPY 87.72
NZDAUD 0.9398
NZDCAD 0.9239
There are no Domestic data releases today.
Tomorrow morning we have the release of the FOMC and RBNZ Monetary Policy Statements
----------------------------------------------------------
To subscribe to our free daily Currency Rate Sheet and News email, enter your email address here.
----------------------------------------------------------
Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.