By Dan Bell
The NZD/USD opens around 0.8270 after another relatively quiet night for most currencies.
The RBA left rates unchanged yesterday at 3.25% which gave the AUD a boost and provided support to the Kiwi.
The NZD opens at current indicative mid rates: 0.7932 AUD, 0.6460 EUR, 0.5180 GBP, 66.60 JPY and 0.8210 CAD.
Commodities have had a solid night with oil up 3.4%. Global stocks are also in positive territory with the S&P 500 up 0.94%.
Fonterra Global Dairy Trade auction this morning saw average prices up 1.1%.
The US Presidential election remains the focus over the next 24 hours. At this stage it still looks like Obama will get through but the swing states are going to be key.
Not much to report on the local front today. Tomorrow we get Employment data from NZ and Australia which will be interesting.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here
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