The New Zealand dollar slipped ahead of unemployment statistics being released this morning.With the US dollar also buoyed by improving economic data, including fewer private sector job losses in the US, the kiwi had fallen to 70.77USc at 8am compared wit
The New Zealand dollar slipped ahead of unemployment statistics being released this morning.
With the US dollar also buoyed by improving economic data, including fewer private sector job losses in the US, the kiwi had fallen to 70.77USc at 8am compared with 71.06USc at the end of yesterday's local session.
The ANZ Bank said in its market brief that fourth quarter unemployment data should dominate today's local session.
"Topside sellers having won yesterday's battle should provide support alongside yield demand if the NZD moves closer to support at 0.7035," it said.
Economists are expecting an unemployment rate of 6.8% for the December quarter and the Reserve Bank was expecting 6.6%, from 6.5% in the September quarter.
The kiwi also lost ground overnight against the aussie dollar, easing to 80.18Ac at 8am from 80.23Ac at 5pm.
It was unchanged against the euro at €0.5089 but gained against theyen to ¥64.49 from ¥64.21.
The trade weighted index fell to 65.34 from 65.44.
