The Opening Bell: Where currencies start on Friday, January 19, 2018

By Dan Bell

The NZD opens at 0.7302 (Mid-rate) this morning. 

The lack of outright movement since yesterday belies the fact that it was actually a relatively volatile day. The Kiwi broke through 0.7300, trading to a high of 0.7331 before getting knocked back to 0.7244.

Data out of the US came in fairly mixed, but fears of the US Government shutdown, although unlikely, have kept the USD’s recent run of weakness going.

It is a pretty quiet weekend from a data perspective, with the volatile UK Retail Sales being the only major data of note to come out. You can expect it to miss expectations.

Wellington celebrates its Anniversary day on Monday, so although we cannot settle anything NZD related on Monday the 22nd, there will be no interruption to any other currencies or dealing.

Global equity markets are mixed - Dow -0.39%, S&P 500 -0.15%, FTSE -0.32%, DAX +0.74%, CAC +.02%, Nikkei -0.44%, Shanghai +0.87%.

Gold prices are down half a percent to $1,327 an ounce. WTI Crude Oil prices are virtually flat, trading at $64.00 a barrel.

Current indicative rates:

NZDUSD 0.7302 -0.2%
NZDEUR  0.5972 0.2%
NZDGBP 0.5261 0.0%
NZDJPY 81.06 0.2%
NZDAUD 0.9137 0.1%
NZDCAD 0.9085 0.3%
GBPNZD 1.9005 0.0%

Upcoming Data releases (NZST):

  • 10:30 PM GBP- Retail Sales m/m

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 »
The 'US$' chart will be drawn here.
Loading...
Daily benchmark rate
Source: RBNZ
The 'AU$' chart will be drawn here.
Loading...
Daily benchmark rate
Source: RBNZ
The 'TWI' chart will be drawn here.
Loading...
Daily benchmark rate
Source: RBNZ
The '¥en' chart will be drawn here.
Loading...
Daily benchmark rate
Source: RBNZ
The '¥uan' chart will be drawn here.
Loading...
Daily benchmark rate
Source: RBNZ
The '€uro' chart will be drawn here.
Loading...
Daily benchmark rate
Source: RBNZ
The 'GBP' chart will be drawn here.
Loading...
Daily benchmark rate
Source: RBNZ
The 'Bitcoin' chart will be drawn here.
Loading...
USD 
NZD
End of day UTC
Source: CoinDesk

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment or click on the "Register" link below a 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.