The Opening Bell: Where currencies start on Tuesday, February 19, 2019

By the XE Corporate team

The NZDUSD opens at 0.6844 (mid-rate) this morning.

As expected with the US enjoying a long weekend and an absence of tier-one economic data markets have had a subdued start to the trading week.

The NZD which pushed higher during our trading day is now trading marginally lower than where it opened yesterday morning on what appears to be profit taking. With no domestic data during our trading day direction for the NZD should be dictated by tonight’s global dairy auction with futures pricing suggesting prices are like to continue to push higher.

The British pound strengthened overnight after the odds of an extension of Article 50 increased after seven anti-Brexit labour MPs split from the party and will now take their place in parliament as independents. The move severely lessens the chances of Labour forcing a general election to renegotiate Brexit.

This afternoon the RBA monetary policy meeting minutes are expected to hold few surprises and should have little effect on the Australian dollar.

Global equity markets are mixed, - Dow Closed, S&P 500 Closed, FTSE -0.24%, DAX -0.01%, CAC +0.30%, Nikkei +1.82%, Shanghai +2.68%.

Gold prices are little changed trading at $1,325 an ounce. WTI Crude Oil prices continue to climb up 0.7% trading at $56.37 a barrel.

Current indicative rates:

NZDUSD 0.6844 -0.2%
NZDEUR  0.6053 -0.3%
NZDGBP 0.5292 -0.2%
NZDJPY 75.68 -0.1%
NZDAUD 0.9601 0.0%
NZDCAD 0.9055 -0.3%
GBPNZD 1.8896 0.2%

 

 

 

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

Email:  

Marcus Phillips is the Affiliate manager at xe money transfer 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.