By Dan Bell
The NZD/USD has been weaker overnight - after hitting a high of 0.8218 yesterday afternoon we saw a steady decline to lows around 0.8114 overnight and open in the middle of the range at 0.8145.
Not much to report from Global markets overnight. Stock markets are marginally weaker with the Dow Jones Index currently down 0.16% and the S&P 500 flat.
The NZD is weaker against most major cross rates and opens at 0.6160 EUR, 0.5130 GBP, 68.00 JPY and 0.7790 AUD.
On the local front the focus will be on Q4 GDP release at 10:45am this morning with the market expecting growth to come in at +0.6% for the quarter.
Offshore the focus will be on China Flash Manufacturing PMI at 3:30pm.
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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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