The NZDUSD opens at 0.8415 this morning.
Canadian authorities have uncovered a suspected Al Qaeda supported terror plot to derail a passenger train, but say there was no imminent threat to the public. The markets were unmoved by this announcement.
The currency markets were confined to relatively tight ranges overnight. USD slipped against the JPY, and was little moved against the EUR and NZD.
Gold price rose 2% to USD$1425 yesterday, and is more than USD$100 an ounce above the 2-year low hit last week.
Oil prices climbed 0.8%, while Copper dropped 1% to trade close to 2-year lows amid disappointing global growth and higher supply prospects.
Global equity markets rose, the with US S&P index up 0.5%.
The NZD opens at 0.8415 USD, 0.8195 AUD, 0.6440 EUR, 0.5505 GBP, & 83.45 JPY.
There is no data scheduled on the domestic calendar today, although the RBNZ cash rate decision and statement will hit the tapes tomorrow.
Chinese manufacturing data will be released at 1:45pm is the most important release in our time zone today.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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