The NZDUSD opens at 0.8535 - 0.8560 on the wide this morning.
The NZD traded in narrow range since Friday evening.
The EURUSD rose on news the euro-zone's current account surplus hit a record in January.
Russia appear to be amassing further troops on the Ukrainian border, Turkey shot down a Syrian fighter jet for violating its airspace, and the USD declined from recent highs against a basket of 6 major currencies.
Chinese HSBC Manufacturing Flash PMI data will hit the tapes at 2:45pm. This is the only data of note in our time zone today, in what is going to be a relatively light data week.
Global equity markets were mixed on the day - Dow -0.2%, Nikkei -1.7%, Shanghai +3.4%, FTSE +0.2%, DAX +0.5%.
Gold prices fell 0.2% to USD$1,333. Oil prices gained 0.6%.
Chinese HSBC Manufacturing Flash PMI data will hit the tapes at 2:45pm
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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