The NZD/USD has been weaker overnight and opens around 0.8270 this morning.
The EUR came under pressure this morning after a report suggested the ECB are seriously considering negative interest rates.
The US Dollar has been stronger across the board, supported by comments from a number of Fed members that tapering remains a possibility in December.
Global stock markets have had a relatively quiet session although US equities have turned slightly negative while I write. Gold is weaker down 1.74% and oil prices are flat.
The NZD opens at 0.8854 AUD, 0.6156 EUR, 0.5133 GBP, 82.80 JPY, 0.8640 CAD.
Not much to report from NZ today. At 2:45pm we get Flash Manufacturing PMI from China. Tonight RBA Governor Stevens is giving a speech entitled ?The Australian Dollar: Thirty Years of Floating? which will be interesting.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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