The NZDUSD opens at 0.7801 (mid-rate) this morning.
The NZDUSD has traded back above 0.7800 after what has been a quiet start to the week following the US Veteran Day holiday and a lack of data releases.
This morning the NZD$ direction will be driven by the RBNZ stability report and RBNZ Gov Wheeler’s speech due for release at 9:00am.
It is worth noting that the NZDJPY is now trading at 7year highs above 90.00.
Equity markets with the Nikkei being the exception are slightly higher - Dow +0.02%, Nikkei +2.05%, Shanghai -0.16%, FTSE +0.24%, DAX +0.18%, CAC +0.50%.
Gold prices, have rebounded currently up $13.00 to $1163. Oil prices are unchanged at $77.50 a barrel.
The current indicative mid-rates are:
NZDUSD 0.7801
NZDEUR 0.6258
NZDGBP 0.4907
NZDJPY 90.29
NZDAUD 0.8995
NZDCAD 0.8852
Domestic data releases:
9:00 – RBNZ Stability Report followed by Wheelers speech
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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