The NZD/USD opens near 6 month lows around 0.8160 this morning after a choppy night.
Global stocks had a negative session with the S&P 500 down 0.5%. Commodities are mixed but gold continues to weaken down 0.84% overnight.
The market remains more upbeat towards the US Dollar as investors continue to anticipate a ‘tapering’ in US monetary stimulus.
The NZD opens at current indicative levels: 0.8315 AUD, 0.6336 EUR, 0.5345 GBP, 83.47 JPY, 0.8311 CAD.
On the domestic front we get NZ PPI data at 10:45am this morning. Tonight the focus will be on US Consumer Sentiment.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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