By Dan Bell
The NZD/USD had a quiet weekend, trading up to a high of 0.7837, staying beneath the key 0.7850, and we open this morning around 0.7785.
Friday night was highlighted by the US Non-Farm Payroll Numbers, with the unemployment rate coming in at 8.6% from 9.0%, a 2 and a half year low
Stock markets finished fairly flat over the weekend, with an improved sense of hope with the European situation stopping another sell-off. This week’s European summit clearly the focus now
A raft of data out this week: EUR - Retail Sales, OCR announcement, EU Summit, AUD – OCR announcement, RBA minutes, Employment figures, NZD – OCR announcement, China – CPI, PPI data
The indicative NZD levels are: 0.7785 USD, 0.7605 AUD, 0.5815 EUR, 0.4990 GBP, and 60.80 JPY.
-------------
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.