The NZD/USD opens at 0.8250 this morning after trading to interbank lows around 0.8210 on Friday night.
US stocks had a quiet session with the S&P 500 down 0.01%. US 10 year treasury yields were unchanged at 2.87%.
Commodities were mixed with gold up 1.07% while oil prices fell 1.06%.
The NZD opens at current indicative mid rates: 0.9210 AUD, 0.6012 EUR, 0.5063 GBP, 85.17 JPY, 0.8743 CAD.
From NZ today we get Consumer Sentiment at 10am. Not much to report from Australia.
From China we get HSBC Flash Manufacturing PMI at 2:45pm.
The focus this week will be on the highly anticipated FOMC announcement on Thursday morning at 8am NZT. Approx 1/3 of the market is expecting the Fed to announce a small reduction (tapering) in their bond buying program.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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