HiFX Morning Update

HiFX Morning Update

The NZDUSD opens at 0.7525 (mid-rate) this morning.

The NZD is little changed in what has been a slow start to the week as investors await up and coming data releases for direction, with nothing on the local front until tomorrows Fonterra Auction and employment numbers investors will be focused on this afternoons RBA rate announcement with many picking a cut of 25 basis points taking Australia’s OCR to a record low of 2.00%.

Overnight both Euro-zone manufacturing data and U.S. factory orders came in slightly ahead of expectations.

Global equity markets are broadly higher - Dow +0.35%, Nikkei CLOSED Shanghai +0.87%, FTSE Closed DAX +1.44% CAC +0.70%

Gold prices are up $12 to $1189 Oil (WTI) lost 0.32% overnight currently trading at $58.95

The current indicative mid-rates are:
NZDUSD 0.7525
NZDEUR 0.6755
NZDGBP 0.4975
NZDJPY 90.40
NZDAUD 0.9601
NZDCAD 0.9105

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