By Dan Bell
The NZD/USD opens at 0.8260 this morning after hitting a high of 0.8288 overnight - up 3% from last weeks lows.
US stocks continue their bullish trend - with the S&P 500 up 0.53% overnight. European equities were marginally weaker.
Commodities are in positive territory with the CRB Index up 0.47%, led by Oil prices up 0.92% to US$ 108.05 bbl overnight.
US interest rate yields continue to drift up with the yield on 10 Year Treasuries up to a 5 month high of 2.38%.
The AUD/USD opens over 1.06 while the EUR/USD is trading in the low 1.32's.
The NZD is mixed against the major cross rates and opens at 0.6230 EUR, 0.52 GBP, 0.7780 AUD, 68.80 JPY.
Not much to report on the local front. From Australia we get RBA Monetary Policy Meeting minutes at 1:30 NZT.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here
(Updated with Dow close)
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