HiFX Morning Update, May 26

HiFX Morning Update, May 26

The NZDUSD opens at 0.7308 (mid-rate) this morning.

The NZD is little changed over the past 24hrs in what has been a slow start to the week with both Europe and the U.S. enjoying a long weekend. The highlight today will come in the form of this morning’s Trade balance due to hit the tapes at 10:45.

Overnight, investors will be watching closely the U.S Core Durable Goods Orders m/m as well as CB Consumer Confidence for further direction.

Asian equity markets are higher - Dow Closed Nikkei+0.74%, Shanghai +3.35%,FTSE Closed DAX Closed CAC Closed

Gold prices are little changed $1206 an ounce, Oil (WTI) is holding steady at 59.80 a barrel.

The current indicative mid-rates are:
NZDUSD 0.7308
NZDEUR 0.6655
NZDGBP 0.4725
NZDJPY 88.85
NZDAUD 0.9340
NZDCAD 0.8995

ends

© Scoop Media