-
The Opening Bell: Where currencies start on Tuesday, October 10, 2017
The NZDUSD opens at 0.7069 (mid-rate) this morning. In the absence of any tier one economic data releases and with the US, Japan and Canada all enjoying a long weekend, currency markets have been relatively subdued. The NZDUSD consolidated below 0.71 with the currency pair confined to a tight 30pip (0.7055-0.7085) trading range since Friday’s close. Election uncertainty will remain the main driver for the NZD this week. The British Pound has been the best performing currency over the past 24 hours after speculation of Conservative party infighting and a possible challenge to Theresa May’s leadership was rebuffed ... (full story)