HiFX Morning Update

HiFX Morning Update

The NZDUSD opens at 0.7550 this morning.

The NZD outperformed overnight managing to briefly trade above 0.7600 before retreating to current levels. The USD saw appreciation against the majority of its other trading partners following a positive jobless claims report overnight. The EUR also depreciated despite the IMF confirming the Greeks had managed to make a payment of EUR 450m due on the 9th of April.

Elsewhere Bank of England Monetary Policy Committee maintains Bank Rate at 0.5% as expected.

Global equity markets up on the day + Dow 0.4%, Nikkei +0.8%, Hang Seng +2.6% FTSE+1.1%, DAX +1.1%

Gold prices currently 0.00% at USD$1,193. Oil sitting up 0.2% at $50.9

The current indicative mid-rates are:
NZDUSD 0.7550
NZDEUR 0.7080
NZDGBP 0.5140
NZDJPY 91.10
NZDAUD 0.9820
NZDCAD 0.9505

Worth watching on the Day
China Inflation Data out 1:30pm

ends

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