The NZD/USD opens at 0.8330 this morning and finished last week up against most major currencies.
US economic data on Friday night was weaker than expected with Industrial Production and Empire Manufacturing Index both disappointing. The US Dollar was weaker as a result as investors continue to weigh up the potential for Fed tapering.
The NZD opens at current indicative mid rates: 0.8895 AUD, 0.6183 EUR, 0.5174 GBP, 83.70 JPY, 0.8708 CAD.
US stocks had a positive session on Friday with the S&P 500 closing up 0.42% to new all time highs.
Not much to drive markets on the local front today. The market remains focused on US monetary policy expectations. Any comments from Fed members will be closely watched over the course of the week.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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