The NZDUSD opens at 0.8275 this morning, having touched a 7 ½ week low of 0.8265 Friday night.
The USD has rallied broadly after recent strong US data, with the USD-index (value of the USD relative to a basket of currencies) has its highest weekly close since July 2008.
AUDUSD broke below parity for the first time since June 2012 and the USDJPY raced to a high of 102.00, a level last since in October 2008.
The US warned Japan that it is watching for any sign of currency manipulation and competitive devaluations as Japan struggles to invigorate its economy and reverse deflation via very stimulatory monetary policies.
Global equity markets closed higher across the board.
The Gold price fell nearly 0.6% to USD$1456 an ounce.
The NZD opens at 0.8275 USD, 0.8275 AUD, 0.6385 EUR, 0.5390 GBP, & 84.35 JPY.
Nothing is scheduled on the domestic data calendar today.
Home Loan data and NAB Business Confidence figures will be released from Australia this afternoon, while early this evening we get Fixed Asset Investment, Industrial Production, and Retail Sale figures from China.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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