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The Opening Bell: Where currencies start on Friday, October 6, 2017
The NZDUSD opens at 0.7114 (mid-rate) this morning. The US Dollar was the strongest performer overnight as the Kiwi opens on a 4 month low. The NZD has traded a 1.8%, 133 point range this week, and opens this morning 2 points off the overnight and week’s low of 0.7112 – a level not seen since the 2nd of June 2017. Australian Retail sales yesterday posted their biggest fall in about four-and-a-half years, plunging 0.6% in August. Australian Trade Balance in trend terms, was a surplus of $735m in August 2017, a decrease of $282m on the surplus in July 2017. In seasonally adjusted terms, the balance on goods and ... (full story)