By Alex Hilll
A relatively quiet night! The NZD/USD saw a high of 0.8572 last night, but opens slightly lower this morning, currently around 0.8530.
US equities had a positive day, with the Dow Jones Index up 0.45% and the S&P 500 up 0.34%.
The US ADP employment survey came in +91K in private payrolls, and the Chicago PMI at 58.3, both better figures than investors expected. German Retail Sales came in flat for July, after a bumper month in June.
Commodities also had a calm night by recent standards, Gold down $10 from it’s open at $1825 USD, the CRB index +0.48%
The NZD is largely unchanged against the major cross rates and opens around 0.7970 AUD, 0.5930 EUR, 0.5250 GBP and 65.30 JPY.
Australian Retail Sales Numbers released today at 1.30pm, market forecasting +0.3% m/m
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Alex Hill is a currency strategist at HiFX in Auckland. You can contact him here
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