By Dan Bell
The NZD/USD hit a 3 month high overnight around 0.8140. We open this morning around 0.81.
Investors remain hopeful a deal with private sector investors to help resolve Greece's debt crisis was moving in the right direction. As a result the EUR/USD traded to a 1 Month high over 1.30. The AUD/USD hit a high of 1.0570.
US stock markets are currently flat for the day. Investor sentiment has been more upbeat since the start of the year with the broad MSCI World Equity Index up over 5% since 1st Jan.
The NZD opens at current indicative levels against the major cross rates at 0.7680 AUD, 0.6220 EUR, 0.52 GBP, 62.30 JPY.
Nothing to report on the local front today. Key announcement this week is the RBNZ Offical Cash Rate review on Thursday morning. We also get the US Federal Reserve FOMC announcement 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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