The NZD/USD opens at 0.8270 this morning after trading to interbank highs around 0.83 overnight.
Global stock markets have had a mildly positive night with the S&P 500 currently up 0.18%.
Federal Reserve member Bullard said the U.S. central bank may find the evidence it needs to ease back on its bond-buying stimulus efforts by next month's monetary policy meeting.
Hedge fund group SAC Capital Advisors have pleaded guilty to insider trading and will pay US$1.8 billion in penalties, the largest ever settlement for an insider trading case.
The NZD opens at current indicative levels: 0.8707 AUD, 0.6126 EUR, 0.5186 GBP, 81.64 JPY, 0.8628 CAD.
New Zealand’s ANZ commodity index rose 1.3% in September to be 22.9% higher than a year ago. Ongoing strength in NZ exports should provide support for the NZD over coming months.
Retail sales data in Australia yesterday was much stronger than expected rising 0.8% versus expectations of 0.3%.
Not much to report on the local front today. From Australia the focus will be on the RBA at 4:30pm. While no change is expected the market will be looking at their comments for any clues on policy direction.
Email:
-------------------------------------------------------------
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.