The New Zealand Dollar has started the week in positive territory, performing well against all the key crosses. Opening this morning at 0.6550 against the Greenback, the Kiwi also saw the NZD/AUD up 0.3% to 0.9175 and NZD/EUR up 0.3% to 0.5650. It was an otherwise, slow day for the NZD which otherwise remained flat against its counterparts.
The Kiwi was well supported on Monday with little on the domestic calendar. Amid the volatility seen in global markets, the New Zealand Dollar remained relatively insulated from a number of disputes currently roiling financial markets. Within this context, the USD and GBP softened to slightly buoy the NZD.
Moving into Tuesday, the New Zealand Dollar is set to digest the Q3 CPI report which looms as a key source of volatility for the day. The market will also keep all eyes on the developing conflicts around the world.