The NZD/USD opens at 0.8750, having fallen from the 0.8795 high on the 27th of June - a level not seen since August 2011.
The US Non-Farm Payrolls came in at 288,000 new jobs in June well above the market consensus of 190k-200k.
The US Unemployment rate fell from 6.3% to 6.1% its lowest level since September 2008 but still well away from the 4%-5% rate seen just before the global financial crisis.
US ISM Non-Manufacturing Index fell to 56.0 in June from 56.3. Average wages in the US rose 2% from last year to $24.45 per hour
The NZD/USD initially dropped 50 points on the US Data but has since recovered to be only down 20 points or 0.25% on the day
Stock markets currently: Dow Jones 0.54%, S&P 0.55%, FTSE 0.72%.
The NZD opens the crosses : 0.9360 AUD, 0.6430 EUR, 0.5100 GBP, 89.40 JPY, 0.9305 CAD.
US banks will be closed in observance of Independence Day today. RBA Assistant Governor Edey is due to speak at the 2014 Economic and Social Outlook Conference, in Melbourne this afternoon.
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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here »
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