The NZD/USD opens at 0.8775, the overnight high just 4 points shy of the 2014 high.
The NZD stellar performance continues will bulls running the show. Post float high at 0.8840 is their next target.
The US Inflation data came in on expectation overnight giving little reason to bid the USD higher, so 0.8840 seems the likely next step.
It's been a busy week for Bank of England Governor Mark Carney. The BoE is evidently concerned about the pace of housing price gains, and in order to stamp out excessive speculation, the central bank is curbing borrowers' capacity to take on leverage by proposed mortgage restrictions.
Stock markets currently: Dow Jones -0.13%, S&P -0.17%, FTSE 0.02%.
The NZD opens the crosses : 0.9321 AUD, 0.6448 EUR, 0.5154 GBP, 89.28 JPY, 0.9380 CAD.
The NZ Trade Balance is out at 10.45 this morning, while most notably German preliminary CPI and UK Current Account are released tonight.
----------------------------------------------------------
To subscribe to our free daily Currency Rate Sheet and News email, enter your email address here.
----------------------------------------------------------
Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.