The NZD/USD opens around 0.8280 this morning after trading an interbank range between 0.8230 and 0.8310 over the last 24 hours.
Global stocks rallied overnight with the Dow Jones and S&P 500 Index up 2% on rumours the US debt ceiling will be raised until late November to give US policy makers more time to negotiate a longer term deal.
We will know more details about this over the next few hours but for now markets have reacted very positively.
The NZD opens at current indicative levels: 0.8759 AUD, 0.6127 EUR, 81.40 JPY, 0.5188 GBP, 0.8616 CAD.
From NZ today we get Food Price Index at 10:45. Tonight US Consumer Sentiment will be of interest.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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