The NZD/USD opens around 0.8350 this morning after briefly touching an interbank high of 0.84 overnight.
Investor sentiment remains positive which has seen the Dow Jones Index hit a new all time high over 16,000. Commodities are weaker with oil down 1.04% and gold down 1.13%.
The US Dollar was under broad pressure overnight but has strengthened this morning. The AUD/USD is trading around 0.9390 and the EUR/USD is at 1.3512.
The NZD opens at current indicative mid rates: 0.8897 AUD, 0.6183 EUR, 0.5188 GBP, 83.66 JPY, 0.8710 CAD.
NZ Performance of Services Index for October came out at a 6 year high yesterday reinforcing expectations of stronger growth and higher rates next year.
Not much to report from NZ today. From Australia we get RBA Monetary Policy Meeting Minutes at 1:30pm.
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.