The NZDUSD opens at .6629 (midrate) this morning.
The NZDUSD drifted lower overnight led by weaker commodity prices and a healthier US job market.
The US labour market showed improvement after a report revealed a drop in the number of unemployment claims.
However, data from the US Manufacturing sector showed that new orders and employment were continuing to weaken.
The WTI Crude Oil price is up slightly to $30.74 a barrel, even though reports confirmed higher US crude inventories.
Global equity markets are slightly higher- Dow -0.16%, S&P 500 -0.31%, FTSE -0.97%, DAX +0.92%, CAC +0.15%, Nikkei +2.28%, Shanghai -0.16%.
Gold prices are up $22 currently trading at $1233 an ounce.
Current indicative rates:
NZDUSD 0.6629 0.1%
NZDEUR 0.5972 0.5%
NZDGBP 0.4628 -0.2%
NZDJPY 75.31 -0.4%
NZDAUD 0.9274 0.4%
NZDCAD 0.9108 0.3%
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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