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The Opening Bell: Where currencies start for Thursday, September 11, 2014

Currencies
The Opening Bell: Where currencies start for Thursday, September 11, 2014

By Dan Bell

The NZDUSD opens at 0.8231 this morning.

The NZDUSD traded sideways overnight ahead of this morning’s RBNZ MPS announcement.

The NZD has however made significant gains against the AUD (now trading just below 0.9000) with investors seemingly unwinding their Australian dollar carry trades.

The latest Scottish Independence poll showing the No vote now with a 53% majority has seen the GBP strengthen against all of its major trading partners.

Global equity markets remain mixed  - Dow +0.02%, Nikkei -0.25%, Shanghai closed, FTSE 10.02% DAX -0.11%

Gold prices are now trading below $1,250 for the first time since May ( USD$1245), Oil price $91.66 -1.18%

The current indicative mid-rates are:

NZDUSD           0.8231
NZDEUR           0.6377
NZDGBP           0.5084
NZDJPY              87.94
NZDAUD           0.8989
NZDCAD           0.9008

Domestic data releases:

9:00am – RBNZ MPS

1:30pm – CNY CPI y/y

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

Daily exchange rates

Select chart tabs

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

 

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