The NZD/USD opens around 0.8510 this morning after another night of US Dollar weakness.
US employment data was weaker than expected with only 148K new job in September compared to expectations of 180K. The unemployment rate was slightly better at 7.2% compared to exp of 7.3%.
Weaker US employment numbers have given the market more reason to believe that Fed tapering will be delayed until March next year.
The EUR/USD is trading at its highest level for over a year at 1.378 and the AUD/USD over 0.97.
US stocks are up overnight with the S&P 500 currently trading +0.7% on the day. Oil prices are weaker again down 1.61% and Gold is up 1.92%.
Not much to report on the local front today. The focus will be on Q3 CPI data in Australia 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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