The NZD/USD opens this morning around 0.8360 after briefly trading to interbank highs around the 0.84 level.
The market remains focused on US debt negotiations. Sentiment remains fickle as the 17 October deadline looms.
The NZD has performed well against the European crosses and opens at 0.5230 GBP and 0.6187 EUR. Against the other major crosses we are relatively unchanged at 0.8795 AUD, 0.8682 CAD and 82.20 JPY.
US equities are weaker overnight with the S&P 500 Index down 0.54%. Oil is down 1.2% and Gold is up 0.69%.
On the local front the focus will be on NZ Q3 CPI at 10:45am. Annual inflation rate is expected to pick up to 1.2%. Offshore the focus remains on US fiscal negotiations.
-------------------------------------------------------------
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.