The NZD/USD opens around 0.8130 this morning down from recent highs over 0.82.
US stock markets continue to nudge higher with the S&P 500 up 0.18%. Commodities have come under pressure overnight with oil prices down over 1%. US treasury yields are higher with the 10 year up to 2.71%.
The US Dollar is stronger across the board with the AUD/USD at 0.9070 and the EUR/USD at 1.3572.
US economic data was better than expected overnight with Jobless Claims numbers continuing to decline suggesting an ongoing improvement in labour market conditions.
The NZD opens at current indicative levels: 0.8957 AUD, 0.5990 EUR, 0.4996 GBP, 83.04 JPY, 0.8618 CAD.
From NZ today the focus will be on Business Confidence data at 1pm. From Australia we get New Home Sales and Private CAPEX this afternoon.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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