By Dan Bell
The NZD/USD opens around 0.8140/0.8160 this morning relatively unchanged from yesterday.
It was a quiet night across global markets with most stock markets trading flat for the day.
The EUR/USD is trading at 1.2350 this morning while the AUD/USD is at 1.0570.
The NZD is relatively unchanged against the major cross rates and opens at current indicative mid rates - 0.7710 AUD, 0.6595 EUR, 63.90 JPY, 0.5205 GBP.
Q2 NZ Employment data at 10:45 this morning - expectations for unemployment rate to come in at 6.5% and employment growth of 0.3% for the quarter.
We also get AU Employment data for July at 1:30pm - expectations for unemployment rate to come in at 5.3% and employment growth of 10K new jobs.
We also get a raft of China data this afternoon with CPI, PPI, Industrial Production, Retail Sales, and Fixed Asset Investment as well as a Bank of Japan Monetary policy announcement at some stage 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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