The NZD/USD opens this morning around 0.8450 after a quiet night across global markets.
The market is in a holding pattern ahead of US employment data which is released at 1:30am NZT tomorrow morning.
While most analysts believe the US Federal Reserve will delay bond tapering until early next year, a stronger than expected result could see this view change back to this year which would be positive for the US Dollar. The current consensus is for new jobs growth of 180K in Sep.
Global equity markets have had a mixed session with the S&P 500 down 0.08% while European equities were marginally stronger with the Stoxx 600 Index up 0.34%. Oil prices are down 1.6% and Gold is flat.
The NZD opens at current indicative rates: 0.8760 AUD, 0.6180 EUR, 0.5236 GBP, 83.03 JPY, 0.8708 CAD.
Nothing to report on the local front today.
-------------------------------------------------------------
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.