A relatively quiet night saw NZDUSD hold its ground above 0.8700 but never trading outside of yesterday's post FOMC range.
US equities are largely flat on the day, a welcome pause after 4 straight days of upside.
Gold was the biggest mover on the day, up 3.5% as the biggest up day in 9 months took prices to 2 month highs at $1317. The combination of a less hawkish Federal Reserve and the prospect of US military action in the Middle East gave metals some appeal.
There is no data scheduled for release today in either NZ or Australia.
Otherwise, look for GBP to sell off hard, England currently 1-0 down against Uruguay!
Current indicative mid rates:
NZDUSD 0.8715
NZDEUR 0.6405
NZDGBP 0.5115
NZDJPY 88.85
NZDAUD 0.9270
NZDCAD 0.9430
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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