The NZD/USD opens at 0.8670 having steadily gaining ground yesterday and through the European session.
NZ Trade Balance exceeded expectation yesterday printing an 818 million surplus ahead of market expectation of 595 million.
US Pending Home Sales was down 0.8% month on month worse than expectation of a 0.1% increase - next week looms large as US employment numbers take centre stage.
Stock markets currently: Dow Jones -0.15%, S&P -0.28%, FTSE -0.26%.
The NZD opens the crosses - 0.9365 AUD, 0.6300 EUR, 0.5215 GBP, 88.55 JPY, 0.9565 CAD.
No Local data today but a host of Japanese data early afternoon including the unemployment rate, household spending and CPI could take the edge of the NZD/JPY cross which is on highs not seen since October 2007!
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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