The NZDUSD opens at 0.8147 this morning.
Mixed data out of the US over night has seen the NZD bounce off yesterdays low.
The US Unemployment Claims came in ahead of market expectations at 280k vs. 312k while Building Permits, Housing Starts and the Philly Fed Manufacturing Index were all disappointing.
Global equity markets have had good night with US stocks trading higher after the U.S. Federal Reserve renewed its commitment to keeping interest rates low, and the FTSE rising as investors started to price in a vote by Scotland to remain in the United Kingdom.
All eyes today will be on the Scottish Independence vote with results expected to start flowing through this afternoon.
Global equity markets are higher - Dow +0.64%, Nikkei +1.13%, Shanghai +0.35%, FTSE +0.57% DAX +1.41%
Gold prices are slightly higher trading at USD$1226 (+$3.40), Oil price $91.98 (-$1.31)
The current indicative mid-rates are:
NZDUSD 0.8147
NZDEUR 0.6303
NZDGBP 0.4973
NZDJPY 88.58
NZDAUD 0.9067
NZDCAD 0.8921
Domestic data releases today:
10:45 Visitor Arrivals m/m
15:00 Credit Card Spending y/y
NZ Parliamentary Elections tomorrow (don’t forget to vote).
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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