The New Zealand dollar starts the week a quarter-cent higher after John Key secured his third term as PM. Last week the Canadian dollar was the best performer while the yen lagged. Interestingly enough, the latest CFTC data shows that bets against the yen aren't as crowded as you might think.
The Asia-Pacific calendar starts the week off quietly but the market breathed a sigh of relief as Key won 61 seats in the 121-seat parliament. An extra 4 seats from coalition members gives him a solid majority. The result was generally expected but NZD/USD perked up to 0.8155 from 0.8120 at Friday's close.