By Dan Bell
The NZD/USD opens back just above 0.8200 this morning after a relatively quiet night for markets.
EURUSD was the big mover, after the ECB President Mario Draghi suggested that market tensions had eased and that they were prepared to start bond purchases from stressed nations – EURUSD rallied through 1.3000, seeing NZDEUR lower.
The Bank Of England kept rates on hold – and no change to their QE programme.
Stock markets and commodities all slightly higher – Dow Jones +0.68%, S&P +0.71%, FTSE +0.03%, CRB Index +0.64%
The NZD opens the crosses - 0.8015 AUD, 0.6330 EUR, 0.5080 GBP, 64.45 JPY, 0.8055 CAD.
US Non-Farm payroll data this evening – market expects the unemployment rate to have ticked up to 8.2% and 114K new jobs.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here
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