New Zealand Mar Business NZ PMI declines to 53.4 vs 56
Apr 11, 2013
Forex: NZD/USD achieves highest daily close since August 2011
The NZD/USD closed the New York session 57 pips higher at .8579. The Kiwi achieved its highest daily close since August 2011, and is already up an impressive 2.56% for the month of April. “There is a non-stop flood of foreign money into the New Zealand property market. On top of that, the yields in New Zealand beat anything out there,” noted Adam Button of Forex Live.
Forex: AUD/USD around 1.0550 ahead of Aus jobs data
AUD/USD is last at 1.0544, off recent weekly highs at 1.0552, highest since Jan 23. The pair is up +1.59% for the week so far after a weak start in the Asia-Pacific Monday morning printing weekly lows on some stop loss hunting below the 1.0350 key mark, ahead of later on key risk event for the session in the form of Australia jobs report at 01:30 GMT. According to a Bloomberg survey a total loss of -7500 jobs is forecasted, with unemployment rate unchanged at 5.4%.