The NZDUSD opens at 0.6535 (mid-rate) this morning.
The NZD is little changed over the past 24hrs with investors awaiting this morning’s RBNZ Stability Report followed by Reserve Bank Gov Wheeler’s speech for further direction.
Overnight Euro-zone finance ministers called upon Greek authorities to finalize the financial sector measures ahead of the release of EUR 2b of bailout funds.
The European Stability Mechanism has put aside a further EUR 10b for the recapitalization process, provided Greece meets the agreed conditions.
The U.S. data releases balanced out with U.S. Import Prices Falling 0.5% slightly less than the expected 0.6% fall for October while wholesale inventories climbed by 0.5% in September slightly more than the expected 0.1% rise.
Global equity markets have put in a mixed performance over the past 24hrs - Dow -0.14%, S&P 500 -0.13%, FTSE -0.23%, DAX +0.16%, CAC +0.02%, Nikkei +0.15%, Shanghai -0.18%.
Gold prices are unchanged at $1089 an ounce, WTI Crude Oil is slightly higher having gained 1.32% over the past 24hrs currently trading at $44.45 a barrel.
Indicative mid-rate pricing:
NZDUSD 0.6535 0.0%
NZDEUR 0.6105 0.5%
NZDGBP 0.4325 0.1%
NZDJPY 80.47 0.1%
NZDAUD 0.9290 0.2%
NZDCAD 0.8659 -0.2%
Domestic data releases today
09:00 - RBNZ Financial Stability Report
09:05 - RBNZ Gov Wheeler Speaks
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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