sign up log in
Want to go ad-free? Find out how, here.

The Opening Bell: Where currencies start on Friday, July 10, 2015

Currencies
The Opening Bell: Where currencies start on Friday, July 10, 2015

By Dan Bell

The NZDUSD opens the same as yesterday at 0.6730.

The Australian Unemployment Rate was 6.0% in June. The Australian economy added 7,300 jobs to 11,768,600 exceeding expectations of a flat reading in June.

Global economic concerns eased overnight after the Chinese stock market staged a strong comeback and investors remain optimistic that a Greek solution can be found.

Greece has promised to implement pension and tax reforms to win fresh aid from sceptical creditors.

Greek Prime Minister Alexi Tsipras told European parliament that he would submit a detailed reform plan to the Eurozone today aimed at resolving the country's debt crisis.

Germany's exports grew unexpectedly in May, taking the trade surplus to a record high. It was the fastest growth since December, when it grew 2.9%. In April, exports had climbed 1.6%.

The Bank of England kept its record low, key interest rate, and the size of the quantitative easing unchanged as policymakers examine risks emanating from the Greek crisis.

Core machine orders in Japan advanced 0.6% in May. The headline figure easily beat forecasts for a decline of 0.5% following the 3.8% increase in April.

NZDUSD           0.6730       +0.0%
NZDEUR           0.6100       +0.3%
NZDGBP           0.4375        -0.1%
NZDJPY             81.65         +0.7%
NZDAUD           0.9035        -0.3%
NZDCAD           0.8555        -0.2%

Global equity markets were up overnight.  Dow +0.54%, S&P 500 +0.56%, FTSE +1.40%, DAX +2.32%, CAC +2.55%, Nikkei +0.60%, Shanghai +5.76%, Hang Seng +3.73%.

The Gold price is flat at $1161.38 an ounce, Oil (WTI) is up to $53.01 a barrel.


To subscribe to our free daily Currency Rate Sheet and News email, enter your email address here.

Email:   

Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »

Daily exchange rates

Select chart tabs

Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
Daily benchmark rate
Source: RBNZ
End of day UTC
Source: CoinDesk

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.