By Dan Bell
The NZD/USD is trading over 0.8200 this morning and spiked to an interbank high of 0.8260 following the Greece parliament approving austerity measures giving risk assets a boost across the board.
Global equity markets have had another good night with European stocks finishing up 1.5-2% higher while in the US stocks are up over 0.5%. The CRB Index is up 1.3% again led by oil which is up over 2%.
The EUR/USD pushed over 1.4400 and the AUD/USD opens in the high 1.06’s.
The NZD is higher against most major crosses trading over 0.7700 AUD, 0.5700 EUR, 66.50 JPY and a new post float high against GBP over 0.5130!
On the domestic data front today we have Building Consents out at 10:45 and NBNZ Business Confidence around midday.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here
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