Bernard Hickey details the key news overnight in 90 seconds at 9 am in association with BNZ, including news the Australian dollar was remarkably resilient overnight despite the uncertainty around the Australian election result.
The New Zealand dollar held its own around 71 USc, but traders will be watching closely at 3pm when figures showing consumer and business inflation expectations are due to be released by the Reserve Bank of New Zealand.
Anything over 3% will raise expectations of further hikes in the Official Cash Rate later this year on September 16, October 28 and December 9.
Meanwhile, traders and economy watchers will also be focused on US Federal Reserve Chairman Ben Bernanke's speech to other central bankers in their annual get together at Jackson Hole in Wyoming in America.
The Dow fell 0.4% on concerns overnight about the US economy and fears about existing home sales data due later this week.
The Yen and US dollar rose too on safe haven buying amid fears about the global economic outlook.
US GDP revisions are also expected to show a slowing economy.
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