The NZD/USD opens around 0.8455 following a generally positive night for risk sentiment.
The NZD is currently trading at all time highs on a Trade Weighted basis over 78.00.
NZD/JPY is trading at its highest level since early 2008 around 84.00 and is showing no signs of letting up!
The Bank of Japan are undertaking a massive round of monetary stimulus that is expected to weaken the Yen for some time.
The NZD opens at current indicative levels against the major cross rates: 0.8118 AUD, 0.5543 GBP, 0.65 EUR, 84.00 JPY, and 0.8598 CAD.
Global stocks have had a positive night. The S&P 500 is up 0.63%.
First quarter earnings in the US season kicks off today. US equity markets have had a very strong start to the year up 10% year to date.
From NZ we get NZIER business confidence at 10am. At 11:15am this morning we get US Federal Reserve Chairman Ben Bernanke speaking at a conference. From Australia we get NAB business confidence.
------------------------------------------------------------
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.