The lack of outright movement since yesterday belies the fact that it was actually a relatively volatile day. The Kiwi broke through 0.7300, trading to a high of 0.7331 before getting knocked back to 0.7244.
Data out of the US came in fairly mixed, but fears of the US Government shutdown, although unlikely, have kept the USD’s recent run of weakness going.
It is a pretty quiet weekend from a data perspective, with the volatile UK Retail Sales being the only major data of note to come out. You can expect it to miss expectations.
Wellington celebrates its Anniversary day on Monday, so although we cannot settle anything NZD related on Monday the 22nd, there will be no interruption to any other currencies or dealing.
Global equity markets are mixed – Dow -0.39%, S&P 500 -0.15%, FTSE -0.32%, DAX +0.74%, CAC +.02%, Nikkei -0.44%, Shanghai +0.87%.
Gold prices are down half a percent to $1,327 an ounce. WTI Crude Oil prices are virtually flat, trading at $64.00 a barrel.
Current indicative rates:
Upcoming Data releases (NZST):
- 10:30 PM GBP- Retail Sales m/m
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