The NZD/USD opens around 0.8370 after hitting an interbank high of 0.8385 overnight.
There wasn’t much going on last night with the US, Japan and Canada on holiday.
Fiscal concerns in the US remain unresolved. Most analysts see this having an impact on the Fed’s decision to remove stimulus this year which is negative for the US Dollar.
The NZD has traded with a stronger tone against most major cross rates and opens at current indicative levels: 0.8810 AUD, 0.6171 EUR, 0.5235 GBP, 82.49 JPY, 0.8665 CAD.
From NZ today the focus will be on a speech from the RBNZ’s Deputy Governor Grant Spencer on the NZ housing market which is published around 9:30am. From Australia we get RBA Meeting Minutes at 1:30pm.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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