The NZD/USD opens around 0.8290 this morning after trading between 0.8270 and 0.8330 since Friday.
Global markets have had a quiet session overnight. The S&P 500 up 0.14%, gold us up 0.15% and oil is +0.8%.
US corporate earnings continue to beat expectations. The S&P 500 is up more than 6% since the earnings season started in the 2nd week of October and is up 23% for the year.
EUR/USD has held up and opens around 1.38 while the AUD/USD has drifted lower and opens around 0.9580.
The NZD opens at current indicative mid rates: 0.8660 AUD, 0.6010 EUR, 0.5134 GBP, 81.06 JPY, 0.8665 CAD.
Nothing to report from NZ today. From Australia RBA Governor Stevens is speaking at 11:30am.
Tonight we get US Retail Sales and Consumer Confidence. The focus this week will be on the RBNZ & the Fed’s monetary policy decisions on Thursday morning.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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