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The Opening Bell: Where currencies start for Tuesday, September 9, 2014

Currencies
The Opening Bell: Where currencies start for Tuesday, September 9, 2014

By Dan Bell

TheThe NZDUSD opens at 0.8279 this morning.

The NZD opens lower this morning, the NZD drifted off its highs yesterday afternoon after the CNY Trade Balance showed Imports fell an annual 2.4%, versus expectations of a 1.7% increase.

Helped by the falling GBP, amid fears over the outcome of Scotland's upcoming independence referendum, the US Dollar Index is now trading at its highest level since July 2013.

Global equity markets remain mixed  - Dow -0.16%, Nikkei +0.23%, Shanghai closed, FTSE -0.30% DAX +0.11%

Gold prices are lower trading at USD$1253, Oil price $92.84 -0.44%.

Gold is now at a three-month low as the dollar recovered losses made after a disappointing U.S. jobs report eased concerns about an early US interest rate increase.

The current indicative mid-rates are:

NZDUSD           0.8279
NZDEUR           0.6417
NZDGBP           0.5138
NZDJPY             87.73
NZDAUD           0.8914
NZDCAD           0.9081

There are no domestic data releases today.

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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »

Daily exchange rates

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Source: RBNZ
Source: RBNZ
Source: RBNZ
Source: RBNZ
Source: RBNZ
Source: RBNZ
Source: RBNZ
Source: CoinDesk

 

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