The NZD/USD opens this morning around 0.80 after dropping to an overnight low of 0.7962.
The US Dollar firmed against the NZD on continued expectations the Fed will signal a tapering in their stimulus program this week.
The NZD and AUD have underperformed again overnight as investors remain nervous leading up to the Fed announcement on Thursday morning.
The NZD opens at current indicative levels: 0.8369 AUD, 0.5980 EUR, 0.5080 GBP, 75.63 JPY, and 0.8148 CAD.
Global stock markets had a positive night with the US S&P 500 up 0.76%, Euro Stoxx 600 Index up 0.73%.
Commodities mixed with oil unchanged and gold down slightly.
Nothing to report on the domestic front today. From Australia we get RBA Minutes at 1:30pm NZT.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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