The Opening Bell: Where currencies start on Monday, September 24, 2018

no deposit options trader
Ayrex
binary options
Tweet

By Dan Bell

The NZDUSD opens at lower at 0.6660 this morning.

The GBP plunged, EUR fell, and USD strengthened, after British Prime Minister Theresa May said the European Union must supply an alternative to her Brexit proposals, after the Bloc’s leaders rejected her plans without explaining why. The NZDUSD dipped, while the NZDGBP jumped higher, in response.

The UK Sunday Times reported that aides for Theresa May have begun planning of a possible snap election in November to win backing for new Brexit plan and save her Prime Ministership.

Trade tensions between the US and China show no sign of easing. In fact, they have ratcheted up a notch of two after China called off planned trade talks with US officials – this was partially in response to the US State Department sanctions against China’s defence agency and its director. In addition, USD$200 billion of Chinese products will be subject to a 10% tariff from Monday (US time). The USD is still regarded as a safe haven during the trade dispute.

There is no data scheduled on the domestic calendar today. The RBNZ has an OCR meeting on Thursday – no change is widely expected and there is no accompanying Monetary Policy Statement at this meeting.

The US Federal Reserve is widely expected to raise benchmark interest rates at its meeting on Thursdays morning (NZ time).

Global equity markets were solidly higher on the day – Dow +0.3%, S&P 500 -0.0%, FTSE +1.7%, DAX +0.9%, CAC +0.8%, Nikkei +0.8%, Shanghai +2.5%.

Gold prices are slipped 0.2% to USD$1,199 an ounce, while WTI Crude Oil prices were flat at US$70.80 per barrel.

Current indicative rates:

NZDUSD0.6660-0.5%
NZDEUR 0.5668-0.2%
NZDGBP0.5095+1.1%
NZDJPY74.84-0.5%
NZDAUD0.91780.0%
NZDCAD0.8612-0.3%
GBPNZD1.9627-1.1%

 

 

 

 

 

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

Email:  

Dan Bell is the senior currency strategist 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

best investing platform

Profitable Copy Trading

social trading binary options

Profitable binary options trading

trading binary options

Binary options bonus no deposit

binary options bonus no deposit

CFD Trading Tips

CFD Trading Tips