The NZD/USD opens around 0.8250 this morning after trading a tight 40 point range overnight.
Global stocks have had a positive night with European equities up across the board.
The US market is also positive with the S&P 500 currently up 0.7%.
Commodities have followed suit with gold up 0.67% and oil up 0.84%.
The preliminary HSBC China Manufacturing Purchasing Managers'Index slipped yesterday to 50.5 in December from a final reading of 50.8 in November, although it was still above the key 50 level that separates growth from contraction.
The NZD opens at 0.9221 AUD, 0.5996 EUR, 0.5063 GBP, 85.03 JPY, and 0.8737 CAD.
Not much to report from NZ today. From Australia the focus will be on the RBA Monetary Policy Meeting Minutes at 1:30pm NZT.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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