The Wall Street Journal: New Zealand Dollar Largely Steady Late; Focus On US Dollar Ahead of Payrolls

Posted On: May 02, 2014

From The Wall Street Journal:

The New Zealand dollar has emerged from the day's trading little changed, out of the main market focus as investors instead look ahead to U.S. nonfarm payrolls data later in the global day.

There is a significant risk the data could disappoint and weigh on the U.S. dollar, Chris Hunter, corporate dealing manager at Western Union Business Solutions, said.

"The target is pretty high--210,000 to 215,000 jobs added--the initial jobless claims last night weren't particularly encouraging but I think people are looking to see well and truly whether the poor unemployment numbers we had earlier in the year were entirely weather related," he said.

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Category: Media Coverage


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