The NZDUSD starts the day at 0.8680, having steadily given up ground from yesterday's post FOMC highs at 0.8740.
Overwhelmingly positive Australian employment data provided an initial move higher for the NZD and AUD, before poor Chinese trade data stole the show.
US Jobless Claims fell to 300,000, the lowest level since May 2007, sparking renewed optimism for the US labour market and its downstream impact on consumer spending.
The data entirely unwound stock markets' FOMC fuelled rally, as investors saw the news as an indicator that the central bank will continue to taper quantitative easing.
Chinese CPI and PPI are released this afternoon.
Current indicative mid rates:
NZDUSD 0.8680
NZDEUR 0.6250
NZDGBP 0.5170
NZDJPY 88.15
NZDAUD 0.9225
----------------------------------------------------------
To subscribe to our free daily Currency Rate Sheet and News email, enter your email address here.
----------------------------------------------------------
Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.