The NZD/USD opens around 0.84 this morning after trading to an interbank high of 0.8451 and a low of 0.8395 overnight.
Global stock markets are weaker across the board overnight with most European stocks down 1.5% - US markets have another hour to go are down 1% as I write.
Sentiment turned negative into the US open after weaker than expected US ADP employment data and ISM Non Manufacturing Data cast doubts on the US economic recovery.
The NZD is trading at current indicative mid rates against the major crosses: 0.8045 AUD, 0.6547 EUR, 0.5555 GBP, 78.17 JPY, and 0.8534 CAD.
No domestic data to report today. From Australia we get Building Approvals and Retail Sales at 1:30pm.
The Bank of Japan announces Monetary Policy this afternoon followed by the Bank of England and European Central Bank tonight.
------------------------------------------------------------
To subscribe to our daily Currency Rate Sheet email, enter your email address here.
-------------------------------------------------------------
Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
No chart with that title exists.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.