Trump press conference sees USD fall. Direction for NZD at whim of global markets. AUD gets boost

By Kymberly Martin

Currencies traded steady paths overnight, until a flurry of activity in the early hours of this morning.

As the USD has subsequently fallen, the AUD and NZD have pushed higher.

While equity markets were flat overnight, a 3.5% rise in the WTI oil price was notable. The USD index was trading a fairly steady path higher overnight, before a bout of volatility as the US President-Elect gave a scheduled Press Conference early this morning. He covered many topics, but gave little detail on any fiscal stimulus plans. After his free-ranging comments the USD has fallen. Most of its peers have traded higher. The EUR/USD now trades at 1.0600, from early morning lows near 1.0460.

The USD/JPY is now nudging below 114.50 from 116.80 earlier this morning. The GBP/USD had briefly traded below its October lows (excluding the ‘flash crash) earlier this morning. It touched lows near 1.2040. However, as the USD has weakened, it has subsequently rebounded to trade at 1.2250 currently.

The NZD/USD and AUD/USD have also gained a boost in recent trading. From early morning lows near 0.6960 the NZD/USD now trades at 0.7080. This is aligned to the 200-day moving average.

The AUD/USD has also broken higher to now trade around 0.7460. Its 200-day moving average is now in sight, at 0.7501. But there is little scheduled on the local data calendar that is likely to be market moving in the day ahead. The NZD/USD and AUD/USD will therefore likely remain at the whim of global market sentiment and direction of the USD.


Get our daily currency email by signing up here:

Email:  

Daily exchange rates

<!–

var root_url = "http://www.interest.co.nz/charts-csv/";
var tabs_count="7";
var csvfiles_loc= ["/charts-csv/chart_data/exchangerates/daily-usd.csv"," /charts-csv/chart_data/exchangerates/daily-aud.csv"," /charts-csv/chart_data/exchangerates/daily-twi.csv"," /charts-csv/chart_data/exchangerates/daily-yen.csv"," /charts-csv/chart_data/exchangerates/daily-yuan.csv"," /charts-csv/chart_data/exchangerates/daily-eur.csv"," /charts-csv/chart_data/exchangerates/daily-gbp.csv"];
var chart_title_arr= ["US dollar","Australian dollar","Trade weighted index","Japanese Yen","Chinese Yuan","Euro","British pound"];
var chart_subtitles_arr= ["Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate"];
var tab_titles_arr= ["US$","AU$","TWI","u00a5en","u00a5uan","u20acuro","GBP"];
var source_arr= ["RBNZ","RBNZ","RBNZ","RBNZ","RBNZ","RBNZ","RBNZ"];
var source_hyperlink_arr= ["8"];
var tabswidth="8";
var decimal_arr= ["4","4","4","2","2","4","4"];

// variable declaration
var xpad;
var padding_value=0;
var range_selector=0
var loc;
var updt;
var val_num;
var vi=0;
var max_val;
var x;

var finalAr = new Array();
for (var i = 0; i <= tabs_count; i++) {
finalAr[i] = new Array();
}
var flagAr = new Array();
for (var i = 0; i <= tabs_count; i++) {
flagAr[i] =[];
}
var yaxisAr = new Array();
for (var i = 0; i 536)
{
var b = arr.length – 536; // to get last 36 points
}
else if (arr.length < 536)
{
var b = 537 – arr.length;
}
else if(arr.length == 536)
{
var b=2;
}

// to generate the format for date representation in x axis

var timestamweek = 604800000;
var timestamday = 86400000;
var timestammonth30 = 2592000000;
var timestammonth31 = 2678400000;
var timestamyear = 31536000000;
var timestamquarterly = 7776000000;

for (var u=0;u<2;u++) {
arr[u] = parseLineCSV(arr[u]);
fomat= String(arr[u][0]);
var k=0;

do {
k++;
} while(fomat.charAt(k)!="-")
var k1 =k;

do {
k++;
} while(fomat.charAt(k)!="-")
var k2=k;

do {
k++;
} while(k<fomat.length)
var k3=k;

var dd= fomat.substring(0,k1);
var mm = fomat.substring(k1+1,k2);
var yy = "20"+fomat.substring(k2+1,k3+1);
var yy1=fomat.substring(k2+1,k3+1);

// conversion of months into numerical form

//+++++++++++++++++++++++++++++++++++
if (mm == "Jan")
{
mm= "01";
}
else if (mm == "Feb")
{
mm= "02";
}

else if (mm == "Mar")
{
mm= "03";
}

else if (mm == "Apr")
{
mm= "04";
}

else if (mm == "May")
{
mm= "05";
}

else if (mm == "Jun")
{
mm= "06";
}

else if (mm == "Jul")
{
mm= "07";
}

else if (mm == " Aug")
{
mm= "08";
}

else if (mm == "Sep")
{
mm= "09";
}

else if (mm == "Oct")
{
mm= "10";
}

else if (mm == "Nov")
{
mm= "11";
}

else if (mm == "Dec")
{
mm= "12";
}

// +++++++++++++++++++++++++++++++++++++++++++++++++++++++

var date2 = mm+"/"+dd+"/"+yy;

if (u==0)
{
var timestam1 = Date.parse(date2);
}
else if(u==1)
{
var timestam2 = Date.parse(date2);
}
}
var timestamvar = (timestam2- timestam1);
var flagAR_count=0;
for (var i=2;i<arr.length;i++) {
flagAR_count++;
var tempAr = new Array();
var tempAr1 = new Array();
arr[i] = parseLineCSV(arr[i]);
if (arr[i]!='')
{

fomat= String(arr[i][0]);
replic=String(arr[i][0]);
var k=0;

do {
k++;
} while(fomat.charAt(k)!="-")
var k1 =k;

do {
k++;
} while(fomat.charAt(k)!="-")
var k2=k;

do {
k++;
} while(k<fomat.length)
var k3=k;

var dd= fomat.substring(0,k1);
var mm = fomat.substring(k1+1,k2);
var current_year=""+new Date().getFullYear();
var c_year=Number(current_year.substring(2,4));
var c_data=Number(''+fomat.substring(k2+1,k3+1));
if(c_data c_year)
{
var yy = “19”+fomat.substring(k2+1,k3+1);
}
else if(c_data == c_year)
{
var yy = “20”+fomat.substring(k2+1,k3+1);
}
// conversion of months into numerical form

//+++++++++++++++++++++++++++++++++++
if (mm == “Jan”)
{
mm= “01”;
}
else if (mm == “Feb”)
{
mm= “02”;
}

else if (mm == “Mar”)
{
mm= “03”;
}

else if (mm == “Apr”)
{
mm= “04”;
}

else if (mm == “May”)
{
mm= “05”;
}

else if (mm == “Jun”)
{
mm= “06”;
}

else if (mm == “Jul”)
{
mm= “07”;
}

else if (mm == “Aug”)
{
mm= “08”;
}

else if (mm == “Sep”)
{
mm= “09”;
}

else if (mm == “Oct”)
{
mm= “10”;
}

else if (mm == “Nov”)
{
mm= “11”;
}

else if (mm == “Dec”)
{
mm= “12”;
}
// +++++++++++++++++++++++++++++++++++++++++++++++++++++++

var date = mm+”/”+dd+”/”+yy;

var timestam_1 = Date.parse(date);
var timestam= timestam_1+86400000; //86400000 added to get correct timezone output from Date.parse
var time4 = new Date(timestam);
var Weeko = time4.getDay();
var dd2 = time4.getDate();
var mm2 = time4.getMonth();
var flag_y=arr[i][1];
var ahref_title=”Click here for full story”;
if(arr[i][2]) {
var url=arr[i][2];
var flag_date='{“x”:’+timestam+’, “title”:”  “,”text”:”Click here for Story!”}’;

flagAr[csvgen_counter].push(flag_date);
}
var yy2 = time4.getFullYear();
var yy3 = yy2+””;
var yy4= yy3.substring(2,4);
//++++++++++++++++++++++++this for days conversion++++++++++++++++++++++++++++
if (Weeko==1)
{
Weeko = “Mon”;
}

else if (Weeko==2)
{
Weeko = “Tue”;
}

else if (Weeko==3)
{
Weeko = “Wed”;
}

else if (Weeko==4)
{
Weeko = “Thu”;
}

else if (Weeko==5)
{
Weeko = “Fri”;
}

else if (Weeko==6)
{
Weeko = “Sat”;
}

else if (Weeko==0)
{
Weeko = “Sun”;
}

//+++++++++++++++++++++++this is for month conversion+++++

if (mm2==0)
{
mm2 = “Jan”;
}

else if (mm2==1)
{
mm2 = “Feb”;
}

else if (mm2==2)
{
mm2 = “Mar”;
}

else if (mm2==3)
{
mm2 = “Apr”;
}

else if (mm2==4)
{
mm2 = “May”;
}

else if (mm2==5)
{
mm2 = “Jun”;
}

else if (mm2==6)
{
mm2 = “Jul”;
}

else if (mm2==7)
{
mm2 = “Aug”;
}

else if (mm2==8)
{
mm2 = “Sep”;
}

else if (mm2==9)
{
mm2 = “Oct”;
}

else if (mm2==10)
{
mm2 = “Nov”;
}

else if (mm2==11)
{
mm2 = “Dec”;
}
//++++++++++++++++++++++++++++++++++++++++

//weekly
if ( timestamvar == timestamweek)
{
fomat2=dd2+”-“+mm2+”-“+yy4;
padding_value=timestamweek;
range_selector=2;
}

// Daily
else if ( timestamvar = timestamyear)
{
fomat2=mm2+”-“+yy4;
padding_value=timestamyear;
range_selector=3;
}

//monthly
else if ((timestamvar <= timestammonth30)&&(timestamvar = timestamquarterly)
{
fomat2=mm2+”-“+yy4;
padding_value=timestamquarterly;
range_selector=3;
}

else
{
fomat2=dd2+”-“+mm2+”-“+yy4;
padding_value=timestamday;
range_selector=3;
}

arr[i][0]= fomat2;
var decpad;
decpad = parseFloat(arr[i][1]);
arr[i][1] = decpad;

if(i==(arr.length-1))
{

// Functionality to get the last value

var xvalu=dd2+”-“+mm2+”-“+yy4;
var yvalu= String(arr[i][1]);
var xyvalu=”Latest value at “+xvalu+” is “+yvalu;
updt=”Updated on “+xvalu;
}

tempAr.push(timestam);
if(!arr[i][1])
{
arr[i][1]=null;
}
yaxisAr[csvgen_counter].push(arr[i][1]);
// tempAr1.push(timestam);
// tempAr2.push(tempAr1);
tempAr.push(arr[i][1]);
last_val=timestam;
finalAr[csvgen_counter].push(tempAr);
}
xpad=last_val+padding_value; //*****************to end up graph early//////
if(arr[i]== “”)
{
vi=arr.length-i;
arr.length=arr.length-vi;
i=arr.length-1;
fomat = replic;

var k=0;

do {
k++;
} while(fomat.charAt(k)!=”-“)
var k1 =k;

do {
k++;
} while(fomat.charAt(k)!=”-“)
var k2=k;

do {
k++;
} while(k<fomat.length)
var k3=k;

var dd= fomat.substring(0,k1);
var mm = fomat.substring(k1+1,k2);
var yy = "20"+fomat.substring(k2+1,k3+1);

// conversion of months into numerical form

//+++++++++++++++++++++++++++++++++++
if (mm == "Jan")
{
mm= "01";
}
else if (mm == "Feb")
{
mm= "02";
}

else if (mm == "Mar")
{
mm= "03";
}

else if (mm == "Apr")
{
mm= "04";
}

else if (mm == "May")
{
mm= "05";
}

else if (mm == "Jun")
{
mm= "06";
}

else if (mm == "Jul")
{
mm= "07";
}

else if (mm == "Aug")
{
mm= "08";
}

else if (mm == "Sep")
{
mm= "09";
}

else if (mm == "Oct")
{
mm= "10";
}

else if (mm == "Nov")
{
mm= "11";
}

else if (mm == "Dec")
{
mm= "12";
}
// +++++++++++++++++++++++++++++++++++++++++++++++++++++++

var date = mm+"/"+dd+"/"+yy;
//here flagAr may be
var timestam = Date.parse(date);
var time4 = new Date(timestam);
var Weeko = time4.getDay();
var dd2 = time4.getDate();
var mm2 = time4.getMonth();

var yy2 = time4.getFullYear();
var yy3 = yy2+"";
var yy4= yy3.substring(2,4);
//++++++++++++++++++++++++this for days conversion++++++++++++++++++++++++++++
if (Weeko==1)
{
Weeko = "Mon";
}

else if (Weeko==2)
{
Weeko = "Tue";
}

else if (Weeko==3)
{
Weeko = "Wed";
}

else if (Weeko==4)
{
Weeko = "Thu";
}

else if (Weeko==5)
{
Weeko = "Fri";
}

else if (Weeko==6)
{
Weeko = "Sat";
}

else if (Weeko==0)
{
Weeko = "Sun";
}

//+++++++++++++++++++++++this is for month conversion+++++

if (mm2==0)
{
mm2 = "Jan";
}

else if (mm2==1)
{
mm2 = "Feb";
}

else if (mm2==2)
{
mm2 = "Mar";
}

else if (mm2==3)
{
mm2 = "Apr";
}

else if (mm2==4)
{
mm2 = "May";
}

else if (mm2==5)
{
mm2 = "Jun";
}

else if (mm2==6)
{
mm2 = "Jul";
}

else if (mm2==7)
{
mm2 = "Aug";
}

else if (mm2==8)
{
mm2 = "Sep";
}

else if (mm2==9)
{
mm2 = "Oct";
}

else if (mm2==10)
{
mm2 = "Nov";
}

else if (mm2==11)
{
mm2 = "Dec";
}
//++++++++++++++++++++++++++++++++++++++++

//weekly
if ( timestamvar == timestamweek)
{
fomat2=dd2+"-"+mm2+"-"+yy4;
}

// Daily
else if ( timestamvar = timestamyear)
{
fomat2=mm2+”-“+yy4;
}

//monthly
else if ((timestamvar <= timestammonth30)&&(timestamvar = timestamquarterly)
{
fomat2=mm2+”-“+yy4;
}

arr[i][0]= fomat2;
var decpad;

decpad = parseFloat(arr[i][1]);
//arr[i][1] = roundVal(decpad);
arr[i][1] = decpad;
if(i==(arr.length-1))
{

var xvalu=dd2+”-“+mm2+”-“+yy4;
var yvalu= String(arr[i][1]);
var xyvalu=”Latest value at “+xvalu+” is “+yvalu;
updt=”Updated on “+xvalu;
}
}

}
}

//other required functions

//chart configuration starts here

function getXMLHttpRequest(file) {

//var arrSignatures = [“MSXML2.XMLHTTP.5.0”, “MSXML2.XMLHTTP.4.0″,
//”MSXML2.XMLHTTP.3.0”, “MSXML2.XMLHTTP”,
//”Microsoft.XMLHTTP”];

//for (var i=0; i < arrSignatures.length; i++) {

try
{
var xmlhttp = new window.XMLHttpRequest();
xmlhttp.open("POST",file,false);
return xmlhttp;
}
catch(e)
{
error=e.message;
}

//}
throw new Error("MSXML is not installed on your system.");
}

function readCSV(locfile) {
// load a whole csv file, and then split it line by line
var req = new getXMLHttpRequest(locfile);
//req.open("POST",locfile,false);
req.send("");
return req.responseText.split(/n/g);
}

function parseLineCSV(lineCSV) {
// parse csv line by line into array
var CSV = new Array();

lineCSV = lineCSV.replace(/,/g," ,");

lineCSV = lineCSV.split(/,/g);

// This is continuing of 'split' issue in IE
// remove all trailing space in each field
for (var i=0;i<lineCSV.length;i++) {
lineCSV[i] = lineCSV[i].replace(/s*$/g,"");
}

lineCSV[lineCSV.length-1]=lineCSV[lineCSV.length-1].replace(/^s*|s*$/g,"");
var fstart = -1;

for (var i=0;i=0) {
for (var j=fstart+1;j<=i;j++) {
lineCSV[fstart]=lineCSV[fstart]+","+lineCSV[j];
lineCSV[j]="-DELETED-";

}
fstart=-1;
}
}
fstart = (lineCSV[i].match(/^"/)) ? i : fstart;
}

var j=0;

for (var i=0;i<lineCSV.length;i++) {
if (lineCSV[i]!="-DELETED-") {
CSV[j] = lineCSV[i];
j++;
}

}

return CSV;
}

function roundVal(val_num){
var dec = 2;
var result = Math.round(val_num*Math.pow(10,dec))/Math.pow(10,dec);
return result;
}

function setdecimalpoints(deca)
{
var deca1= deca;
var deca2= parseInt(deca);
if((deca1-deca2)!=0)
{
return 2;
}
else
{
return 0;
}
}
for(i=0;i

Charts loading…
Charts loading…
Charts loading…
Charts loading…
Charts loading…
Charts loading…
Charts loading…

BNZ Markets research is available here.