The NZDUSD opens 0.8535 after trading as low as 0.8526 overnight.
The stronger than expected US Pending Home Sales (+3.4% v +1.0%) the ongoing concerns around Ukraine has seen USD continue its rise.
The ECB's Draghi has dampened QE prospects and does not expect any unpleasant surprises from the up and coming bank stress tests.
Global equity markets,- Dow +0.53%, Nikkei -0.98%, Shanghai -1.62%, FTSE +0.22%, DAX +0.48%
Gold prices are once again below $1,300 ( $1,295.64 ) while Oil prices fell as Libya exports rose $100.05 a barrel.
This morning we have our Trade Balance hitting the tapes at 10:45.
The current indicative mid-rates are,
NZDUSD 0.8537
NZDEUR 0.6165
NZDGBP 0.5082
NZDJPY 87.55
NZDAUD 0.9222
NZDCAD 0.9415
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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