By Dan Bell
The NZD/USD opens just shy of 0.8180 this morning after a mildly positive night for markets.
The NZD benefited from an Australian job data number yesterday that showed a extra 32,100 full time jobs had been created in the Australian economy – AUDUSD rallied to nearly 1.0300, taking the NZDUSD higher with it – NZDAUD dipped as a result down to 0.7950.
US jobless claims fell and the US trade deficit widened to $44.2bn – and with a lack of bad news from Europe, stocks are all marginally higher.
Dow Jones +0.05%, S&P +0.21%, FTSE +0.92%, CRB Index +0.60%
The NZD opens the crosses - 0.7955 AUD, 0.6320 EUR, 0.5095 GBP, 64.05 JPY, 0.8005 CAD.
A lack of domestic data today – US PPI numbers and more Fed speak this evening.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here
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