By Dan Bell
The NZD/USD opens at 0.8030 again this morning – a relatively quiet night with it being a US holiday.
Markets are now squarely focussed on Europe this evening – a 25bps cut is expected by the ECB, and the Bank of England are tipped to announce another round of QE.
UK and EUR Services PMI numbers were both down last night, seeing both GBPUSD and EURUSD post the biggest overnight declines – NZDEUR posting another historic high of 0.6429.
The NZD opens the crosses - 0.7815 AUD, 0.6411 EUR, 0.5150 GBP and 64.10 JPY.
Australian Trade Balance numbers at 1.30pm today – and then all eyes on Europe this evening.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here
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