FxWirePro: NZD/USD lower on soft NZ Jobs data and Dairy price plunge
Comments by Fed's Lockhart overnight drove the greenback higher across the board GlobalTradeDairy auctions were 9.3% lower, taking the level of dairy prices to around 12 year lows Soft NZ jobs data which leaves door open…
Comments by Fed's Lockhart overnight drove the greenback higher across the board
GlobalTradeDairy auctions were 9.3% lower, taking the level of dairy prices to around 12 year lows
Soft NZ jobs data which leaves door open for further rate cuts and poor dairy auctions weigh further on NZD
NZD/USD downside looks vulnerable, the pair is currently trading at 0.6522 with a high 0.6548 and a low of 0.6517
The main event now for the pair will come in the form of the Nonfarm Payrolls numbers due Friday
Next hurdle is seen at 0.6600 (psychological resistance) ahead of 0.6680, while supports on the downside lie at 0.6504 (July 20 low) and then at 0.6497 (Lows Jul 16)
