The NZDUSD opens at 0.6927 (mid-rate) this morning

The NZDUSD opens at 0.6927 (mid-rate) this morning.

The NZD opens marginally higher than Friday’s close, with the probability of a U.S. Interest Rate hike this Thursday morning, now fully priced in.

In the 3 months to January 2017, U.K. total production was estimated to have increased by 1.9%, with manufacturing providing the largest contribution increasing by 2.1%, its strongest growth since May 2010.

U.S. employers added jobs at an above-average pace for a second month on outsized gains in construction and manufacturing, showing the labour market continued its steady growth in the new year. The 235,000 increase in jobs followed a 238,000 rise in January that was more than previously estimated, the best back-to-back rise since July.

The U.S. Unemployment rate fell to 4.7% from 4.9% a year ago, and wages grew 2.8% over the past 12 months. The number of U.S. unemployed persons, at 7.5 million, was little changed in February.

U.S. Consumer Confidence retreated in February from a 13-year high, as Americans tempered expectations of their finances and the economy. The University of Michigan said Friday that its preliminary index of sentiment cooled to a three-month low of 95.7 from 98.5 in January. The median projection in a Bloomberg survey called for 98.

ECB President Draghi speaks tonight, NZ’s Current Account is delivered Wednesday morning 10:45am followed by NZ GDP Thursday 10:45am

Global equity markets are mainly higher: Dow +0.21%, S&P +0.33%, FTSE +0.38%, DAX -0.13%, CAC +0.24%, Nikkei +1.48%, Shanghai -0.12%.

Gold prices are up $1 from Friday’s open currently trading at $1,204 an ounce, WTI Crude Oil is down 0.8% currently trading at $48.49 a barrel.

ends

© Scoop Media