The NZD/USD opens around 0.7990 after trading to interbank highs just over the 0.80 handle overnight.
Against the other major crosses we open at current indicative mid rates: 0.86 AUD, 0.6040 EUR, 0.5198 GBP, 79.50 JPY, 0.8220 CAD.
The US Dollar was broadly weaker again overnight after a manufacturing survey showed activity slowed from previous months.
Eurozone consumer confidence came in better than expected which supported the EUR overnight.
Global stocks have had a mixed session with the S&P 500 down 0.19% while blue chip stocks in the Dow Jones Index closed up 0.14%.
From New Zealand today we get Trade Balance numbers this morning. Not expected to be a market mover but interesting to see how trade numbers are holding up considering recent weakness in China and Australia.
From Australia we get Q2 CPI which will be closely watched as it will be a key factor in the RBA's next interest rate decision.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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