The NZDUSD opens at 0.7445 (mid-rate) this morning.
The NZDUSD is little higher from Friday’s close ,with investors risk appetite boosted by the news that Greece has agreed to a bailout extension.
Following several weeks of negotiations, Greece agreed a deal with euro-zone creditors to extend its bailout agreement for four months.
There were mixed data releases out of the UK on Friday with the U.K. budget surplus hitting a seven-year high in January, while their retail sales for January declined slightly more-than-expected in January, marking the first fall in four months.
Global equity markets finished broadly higher on Friday - Dow +086%, Nikkei +0.37%, Shanghai +0.76%, FTSE +0.38% DAX +0.44%, CAC -0.05%.
Gold prices had a quiet Friday closing the week at $1201, Oil prices weakened on Friday closing down 1.72% at $52.03 a barrel.
The current indicative mid-rates are:
NZDUSD 0.7530
NZDEUR 0.6607
NZDGBP 0.4886
NZDJPY 89.70
NZDAUD 0.9605
NZDCAD 0.9430
Data releases today:
15:00 credit card Spending y/y
---------------------------------------------------------
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.