By Dan Bell
The NZD/USD opens around 0.8440 after a quiet night across global markets.
US markets were closed for Presidents Day. European stocks were mixed.
ECB President Mario Draghi said the euro is currently in line with its long-term average and that talks of a ‘currency war’ are excessive. The EUR/USD opens around 1.3350.
The NZD opens at current indicative levels: 0.8205 AUD, 0.6329 EUR, 0.5466 GBP, 79.41 JPY, 0.8543 CAD.
The focus today will be on RBA Monetary Policy Meeting minutes at 1:30 NZT.
NZD/AUD is trading around 2 year highs and is expected to go higher as the RBA maintain an easing bias.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here
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