The NZDUSD opens at 0.7320 this morning.
The USD has recovered strongly after yesterday’s sharp decline following the Federal Reserve statement release. The statement was interpreted as dovish and mentioned rate hikes would still be data dependent citing inflation and employment as key indicators.
The unwind saw the NZD trade from above 0.7520 yesterday down to current levels this morning.
A major move worth mentioning was EUR which saw one of its largest one day moves against the USD in its trading history.
Global equity markets mixed on the day – Dow -0.6%, Nikkei -0.4%, Hang Seng +1.5% FTSE+0.3%, DAX -0.2%.
Gold prices finished unchanged 0.0% at USD$1,169. Oil finished -2.30%at $43.61.
The current indicative mid-rates are:
NZDUSD 0.7380
NZDEUR 0.6945
NZDGBP 0.5015
NZDJPY 89.30
NZDAUD 0.9690
NZDCAD 0.9400
Today’s Session
RBA Gov Stevens Speaks 3:10pm
To subscribe to our free daily Currency Rate Sheet and News email, enter your email address here.
Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.