The NZD/USD opens around 0.8490 this morning after spiking to a high of 0.8562 overnight.
The NZD was one of the strongest currencies again overnight - NZD/AUD traded to a 3.5 year high around 0.8280 at one stage.
The NZD opens at current indicative mid rates: 0.8249 AUD, 0.6532 EUR, 0.5502 GBP, 84.39 JPY, and 0.8670 CAD.
Global risk sentiment has been more upbeat over the last few days, underpinning the rally in the NZD. US stocks have had another positive night with the S&P 500 up 0.4%.
Commodities have also strengthened with Copper and Gold both up 2.8%.
The EUR has struggled to find momentum over the last few days as the market prices in a greater chance of a rate cut from the ECB next week.
On the domestic front we get NZ Trade Balance numbers at 10:45am. Offshore the focus will be on the Bank of Japan monetary policy announcement this afternoon and tonight we get US GDP data.
------------------------------------------------------------
To subscribe to our daily Currency Rate Sheet email, enter your email address here.
-------------------------------------------------------------
Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
No chart with that title exists.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.