The NZD/USD opens at 0.8560, markets sighting increased risk appetite as Russia continues to control the Crimea situation.
Despite US disapproval, European sanctions seem difficult given the dependency on Ukrainian oil supply lines.
Euro zone CPI figures came in slightly worse than expected, but the EURUSD continued higher given current risk appetite, trading this morning at 1.3925.
Stock markets currently: Dow Jones +1.07%, S&P +1.00%, FTSE +0.62%.
The NZD opens the crosses - 0.9430 AUD, 0.6150 EUR, 0.5150 GBP, 87.15 JPY, 0.9470 CAD.
No local data today - Australian Monetary Policy Meeting minutes released at 1.30pm 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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