5 Dec 2014
NZD/USD drops to 0.7705 after NFP
FXStreet (Córdoba) - NZD/USD dropped sharply after the release of US employment numbers and fell to the lowest level in almost a month, finding support above 0.7700. The pair was trading at 0.7760 and declined to 0.7705 with the upbeat report. During the last minutes trimmed losses and ahead of Wall Street opening bell was trading at 0.7730/35, down 0.65% for the day.
USD gains on better-than-expected report
Nonfarm Payrolls rose in November 321.000 considerably above the 230.000 expected by market consensus and higher than previous months. October numbers were revised from 214.000 to 243.000. The unemployment rate, as expected, remained at 5.8%. Greenback reached fresh highs across the board after the report and currently it was modestly pulling back.
NZD/USD eyes 2014 lows
The kiwi is about to post the third weekly decline in a row against the US dollar and the lowest close since August 2013. The recent slide brought NZD/USD near 2014 low that lie at 0.7659; but before the US dollar would have to break the 0.7700 barrier.
USD gains on better-than-expected report
Nonfarm Payrolls rose in November 321.000 considerably above the 230.000 expected by market consensus and higher than previous months. October numbers were revised from 214.000 to 243.000. The unemployment rate, as expected, remained at 5.8%. Greenback reached fresh highs across the board after the report and currently it was modestly pulling back.
NZD/USD eyes 2014 lows
The kiwi is about to post the third weekly decline in a row against the US dollar and the lowest close since August 2013. The recent slide brought NZD/USD near 2014 low that lie at 0.7659; but before the US dollar would have to break the 0.7700 barrier.