The NZDUSD opens at 0.7491 (mid-rate) this morning.
With the U.S. celebrating Presidents Day and investors waiting for any updates from the Greek- Euro-zone negotiations the currency markets have had a slow start to the week.
On the local front yesterday’s Q4 retail sales data release pushed the NZDAUD cross-rate to a new post-float high of 0.9672.
Global equity markets have had a mixed start to the week - Dow CLOSED, Nikkei +0.51%, Shanghai +0.58%, FTSE -0.24% DAX -0.37%, CAC -0.16%.
Gold prices are little changed at $1229, Oil prices were also steady at $53.55 a barrel
The current indicative mid-rates are:
NZDUSD 0.7491
NZDEUR 0.6608
NZDGBP 0.4881
NZDJPY 88.78
NZDAUD 0.9648
NZDCAD 0.9342
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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