Friday, May 6, 2011

Pair NZD / USD retreated from highs in anticipation of U.S. data

A pair of New Zealand dollar / U.S. dollar weakened slightly after mid-day grew on the background of statements by the Reserve Bank of Australia / RBA / on monetary policy, said currency strategist at Westpac Imre Shpaytser. "Statement by RBA has caused a lot of excitement that has informed the Australian dollar a good momentum, and the New Zealand dollar followed him. " A pair of New Zealand dollar / US dollar traded at 0.7877 after reaching a peak of 0.7914 against the backdrop of statements by the RBA. Shpaytser said that the market's attention is now riveted on the U.S. data on the number of jobs outside agriculture, expected later in the day of the world.
"I think the market is quite pessimistic as to the meaning, perhaps more than economists, so it will take quite a bad value to trigger a new wave of selling in the markets of risky assets. On the other hand, if we get more or less a good figure, stocks and other Markets go up much, "- says Shpaytser. It defines the data to support before 0.7820 and resistance - at 0.7960.

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