The NZDUSD opens at 0.7308 (mid-rate) this morning.
The NZD is little changed over the past 24hrs in what has been a slow start to the week with both Europe and the U.S. enjoying a long weekend.
The highlight today will come in the form of this morning’s Trade balance due to hit the tapes at 10:45.
Overnight, investors will be watching closely the U.S Core Durable Goods Orders m/m as well as CB Consumer Confidence for further direction.
Asian equity markets are higher - Dow Closed Nikkei+0.74%, Shanghai +3.35%, FTSE Closed DAX Closed CAC Closed
Gold prices are little changed $1,206 an ounce, Oil (WTI) is holding steady at 59.80 a barrel.
The current indicative mid-rates are:
NZDUSD 0.7308
NZDEUR 0.6655
NZDGBP 0.4725
NZDJPY 88.85
NZDAUD 0.9340
NZDCAD 0.8995
Domestic data releases today:
10:45 – Trade Balance
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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