By Dan Bell
The NZD/USD is up over half a cent this morning and opens at 0.7585.
The catalyst for this morning’s positive open is hopes that Greece’s June 17th election will see a pro-austerity government elected after polls released on Saturday morning showed pro-bailout Conservative party New Democracy, ahead of the far left anti austerity party SYRIZA.
Global stock markets were quiet on Friday night with most European markets finishing flat to marginally higher- the US was marginally weaker with the S&P 500 Index down 0.22%.
The NZD is up against most major currencies and opens at 0.6035 EUR, 0.7730 AUD, 0.4838 GBP, 60.50 JPY.
Not much to report on the local front today. Its’ a bank holiday in the US, France and Germany so expect it will be a quiet night.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here
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