The NZDUSD opens at 0.8245 this morning.
The global markets have managed to shake off their nervousness and emerging market worries. The European Central Bank did not alter interest rates overnight - the EURUSD rallied in response, and the NZDUSD got dragged along for the ride.
US weekly unemployment claims beat expectations, but their trade deficit was larger than consensus.
The NZDUSD traded to a high of 0.8280, before retreating.
It is all about the US non-farm payrolls employment numbers tonight. Good numbers should cause the USD to strengthen (NZDUSD lower), where as disappointing figures will do the opposite.
Global equity markets were higher on the day - Dow +1.2%, Nikkei -0.1%, Shanghai closed, FTSE +1.6%, DAX +1.5%
The Gold Price rose 0.4% to USD$1257 an ounce. Oil prices gained 1.0%.
The NZD opens at 0.8245 USD, 0.9205 AUD, 0.9130 CAD, 0.6065 EUR, 0.5050 GBP, & 84.20 JPY.
There is no data scheduled on the domestic calendar today.
The Reserve Bank of Australia Monetary Policy Statement will be released at 1:30pm.
The all-important and closely examined US non-farm payrolls employment figures hit the tapes tonight.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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