The Opening Bell: Where currencies start on Monday, April 1, 2019

no deposit options trader
Ayrex
binary options
Tweet

By the XE Corporate team

The NZDUSD opens higher at 0.6829 this morning.

The USD eased Friday night, dragging the NZDUSD higher, on tepid US economic data.

The USD dipped on weaker-than-expected US inflation data, disappointing personal spending and income figures, and weak manufacturing numbers – adding to fears the US economy is looking steam. However, it wasn’t all bad with consumer sentiment and new homes sales data beating forecasts.

Chinese manufacturing data, released Sunday, exceed analysts’ forecasts, with the manufacturing PMI (purchasing managers’ index) posting its biggest increase since 2012. This is a signal the world’s second-largest economy is stabilising and a positive sign for the global economy and commodity exporters such as NZ & Australia and their currencies.

Brexit drama continues unabated and the GBP plunged lower after UK lawmakers rejected Prime Minister Theresa May’s breakup deal for a 3rd time. The Brexit uncertainty is weighing on the GBP and British economy.

RBNZ Governor Adrian Orr welcomed the weaker NZD during a speech on Friday, after he surprised the market earlier in the week by announcing an interest rate easing bias. The next RBNZ OCR meeting is 8th May and where some forecasters are picking rates could be cut by 0.25%.

There is no data on the domestic calendar today. Australian business confidence and Chinese manufacturing figures hit the wires this afternoon.

Global equity markets were higher on the day, with the Shanghai Composite index being the standout performer screaming 3.2% higher – Dow +0.8%, S&P 500 +0.7%, FTSE +0.6%, DAX +0.9%, CAC +1.0%, Nikkei +0.8%, Shanghai +3.2%.

Gold prices were little changed at USD$1,291 an ounce as the USD rallied. WTI Crude Oil prices surged 1.7% to US$60.22 per barrel.

Current indicative rates:

NZDUSD0.68290.7%
NZDEUR 0.60780.6%
NZDGBP0.52370.8%
NZDJPY75.791.0%
NZDAUD0.95950.1%
NZDCAD0.9112-0.1%
GBPNZD1.9095-0.8%

Upcoming Data releases (NZST):

  • No local data today
  • 1:30pm – AU – NAB Business Confidence
  • 2:45pm – CN – China Caixin Manufacturing PMI

 

 

To subscribe to our free daily Currency Rate Sheet and News email, enter your email address here.

Email:  

Marcus Phillips is the Affiliate manager at xe money transfer in Auckland. You can contact him here »

Daily exchange rates

Select chart tabs »

The ‘US$’ chart will be drawn here.
Loading…
Daily benchmark rate
Source: RBNZ

The ‘AU$’ chart will be drawn here.
Loading…
Daily benchmark rate
Source: RBNZ

The ‘TWI’ chart will be drawn here.
Loading…
Daily benchmark rate
Source: RBNZ

The ‘¥en’ chart will be drawn here.
Loading…
Daily benchmark rate
Source: RBNZ

The ‘¥uan’ chart will be drawn here.
Loading…
Daily benchmark rate
Source: RBNZ

The ‘€uro’ chart will be drawn here.
Loading…
Daily benchmark rate
Source: RBNZ

The ‘GBP’ chart will be drawn here.
Loading…
Daily benchmark rate
Source: RBNZ

The ‘Bitcoin’ chart will be drawn here.
Loading…

USD 

NZD

End of day UTC
Source: CoinDesk

Buy Bitcoin with Credit Card

Profitable binary options trading

trading binary options

Binary options bonus no deposit

binary options bonus no deposit

CFD Trading Tips

CFD Trading Tips

 

 

Bitcoin Credit Card

buy bitcoin with credit cards