The Opening Bell: Where currencies start on Tuesday, September 25, 2018

no deposit options trader
Ayrex
binary options
Tweet

By Dan Bell

The NZD opens at 0.6643.

In relatively quiet trading, the NZD is off a touch. This is not too surprising giving the large data day on Thursday. With the FOMC statement in the early morning and RBNZs own statement and rate decision a little later Thursday has the potential to be a large mover. The market does widely expect the US to hike, and the RBNZ to hold. Leading into something like that though, it is not uncommon for the market to track sideways, within a relatively small range.

Business confidence out of New Zealand will be closely watched as well tomorrow, as the market will be wary of another weak number. Whilst not yet flowing through to GDP statistics, the worry is that business confidence is a leading indicator, and could signal a slowdown ahead.

In other news, oil trades up another 2%, and looks in danger of testing the July high of $75.27. While this would be considered good news for the Canadian Dollar, it does not help the confidence of those with inefficient cars. The wider question is whether globally this will act as a tailwind for inflation.

Quiet data day today, with BOJs Kuroda speech being the highlight. As you can see, a very quiet day.

Global equity markets were off for the day, while Japan and China were actually off for a bank holiday – Dow -0.57%, S&P 500 -0.30%, FTSE -0.42%, DAX -0.64%, CAC -0.33%, Nikkei -%, Shanghai -%.

Gold prices are up a touch 0.3% to USD$1,203 an ounce, while WTI Crude Oil prices were up 2% to US$72.21 per barrel.

Current indicative rates:

NZDUSD0.6643-0.3%
NZDEUR 0.5647-0.4%
NZDGBP0.5063-0.6%
NZDJPY74.870.0%
NZDAUD0.9154-0.3%
NZDCAD0.8596-0.2%
GBPNZD1.97490.6%

 

 

 

 

 

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