Daily Alert: USD hits 20-year highs, NZD/USD to 2-year lows
- Local equity and wholesale interest rate markets are set to open under downward pressure this morning after recession fears again gripped financial markets overnight
- Risk sentiment has soured across most markets with the main share indices down 0.3-2.7%
- Commodity prices have posted steep declines, reflecting both fears about global demand and a strengthening USD
