It was a quiet day for the NZD. Overnight, in generally quiet markets the NZD/USD consolidated around the 0.8340 level.

CURRENCY: Topside resistance at 0.8380 will be questioned during today's local trading session. Supply issues for buyers are accentuating the moves as underlying demand remains unsatisfied at this point.

The NZD/USD showed little direction for most of the day yesterday, until the evening release of PMI data in Europe. Surprising to the upside, these buoyed global sentiment, causing a surge in "risk-sensitive" currencies such as the NZD. The NZD/USD climbed to 0.8340 currently.

CURRENCY: Positive equity markets will continue to support Australasian currency moves today as will the stronger global PMI releases that have been delivered. Topside resistance around 0.8380 may well be reached.

The NZD showed little response to NZ data releases yesterday, but was dragged higher on the back of a rising AUD. It managed to hold onto most of its overnight gains, despite an early morning surge in the USD. The NZD/USD currently trades around 0.8260.

CURRENCY: Global PMI releases should be followed with interest today, particularly from China, as markets look to continue the weak USD theme. NZD topside attempts should again be quelled around the 0.83USD level.

The NZD lost ground relative to the USD, but gained relative to a weak EUR, as the EU/Greece negotiation is yet to find resolution. The NZD/USD currently trades around 0.8190.

CURRENCY: Topside attempts for the NZD against the USD should be limited by resistance closer to 0.8212 as markets continue to await a resolution around the Greek debt situation that appears credible.

The NZD/USD soared to four month highs above 0.8240 on Friday, to finish the week up 2.3%.

CURRENCY: Expect the NZD to remain fairly well bid, but to "chop some wood" through key resistance at around 0.8250. High interest rates and good demand for bonds at the weekly tenders should keep the Kiwi well supported.

The RBNZ, in holding its Official Cash Rate (OCR) at 2.50% yesterday, effectively watered down its tightening bias. Indeed, the statement contained zero guidance on the future path of monetary policy, noting simply: "?it remains prudent to keep the OCR on hold at 2.50%."

CURRENCY: Expect the NZD to remain in a state of situational analysis as market participants continue to digest yesterday's US FOMC announcement. Topside levels will be further investigated at some point in the medium term.

After spending most of the night in decline, the NZD/USD shot up around � cent this morning as investors bashed the USD following a surprisingly dovish FOMC statement. The upshot is that the NZD/USD, at around 0.8135, is actually higher than this time yesterday.

CURRENCY: A continued struggle for the NZD today is expected. Support levels should be further investigated as the RBNZ OCR this morning delivers a hold the line approach with close monitoring of offshore developments.

Having surged to three month highs above 0.8130 on Tuesday, the NZD/USD has spent the past 24 hours beating a volatile path lower. Overnight, investors' risk appetite cooled, tempering demand for "growth-sensitive" currencies like the AUD, NZD, and CAD.

CURRENCY: The NZD should find itself struggling to maintain recent levels as the RBNZ OCR approaches and a settlement to the Greek debt situation appears to be more difficult to obtain than initial estimates.

The NZD spent most of last week flying high on buoyant global risk sentiment. The NZD/USD ended last week around 1.9% higher. Overnight, the currency continued to climb, this time to 3-month highs above 0.8130.

Expect continued support for the NZD today off the back of AUD and EUR strength. Buyers would support any dip closer to 0.8080 while sellers will await levels closer to 0.8183 that may be out of reach today.

The NZD has fallen around 0.25% relative to the USD over the past 24-hours, to around 0.8020 currently. This occurred in one sharp move after the release of a low-side NZ Q4 CPI number.

CURRENCY: With much of the fire from recent moves extinguished expect the NZD to finish the week subdued. A long weekend and the Chinese New Year celebrations should see lower support levels tested.

The NZD gained almost 1% relative to a broadly weaker USD, over the past 24-hours. As opposed to NZ specific factors, the driver was a generally stable tone in markets that allowed for buying of "riskier" assets such as the NZD. The NZD/USD currently trades around 0.8070.

CURRENCY: An interesting day ahead for the NZD with local and offshore data likely to disappoint many looking for surprises. A look into next week is warranted given the upcoming Chinese New Year celebrations.

The NZD was amongst the strongest performers over the past 24-hours. It began a steady ascent after solid Chinese data boosted sentiment yesterday afternoon. It touched above 0.8030 last night, before drifting off to 0.8000.

CURRENCY: Technical levels should remain in place to cap further topside attempts for the NZD today. Expect the NZD to find increasing selling pressures should it move closer to this level.

It's been a snoozy start to the week for the NZD. With US markets on holiday and European markets quiet, currency markets took a breather overnight. The NZD/USD tracked sideways in a 0.7920-0.7960 range.

The NZD was the strongest performing currency for nearly all of last week. After starting the week below 0.7800, the NZD/USD climbed to two month highs above 0.7950, driven by rising interest rate differentials and solid NZD/EUR and NZD/AUD buying.

CURRENCY: The grounding down of European credit ratings could well see relative support for the NZD continue. However, resistance around 0.7980 remains in place and would be difficult to break during today's trading.

NZD From hero to zero. The NZD has been the weakest performing currency over the past 24 hours thanks to some modest declines in commodity prices and aggressive NZD/EUR selling. The NZD/USD dropped to a low of around 0.7910, before recovering slightly.

CURRENCY: The NZD may have lost its lucky rabbit's foot after failing to break through resistance at 0.7980 yesterday. Expect support levels to be tested today although a deeper move through 0.7874 may be difficult.

NZD The NZD remains the darling of currency markets. Indeed, the kiwi was the strongest performing G10 currency overnight, for the third day running.