The NZDUSD opens at 0.6710.
The NZDUSD opens 0.5% lower than yesterday’s open however the USD is weaker than most of its other competitors after mixed June employment data.
US job growth was weaker in the month of June, although the unemployment rate fell to a seven-year low (lowest since April 2008).
US non-farm payroll employment increased by 223,000 jobs in June, modestly below the addition of 230,000 jobs anticipated by economists.
The US unemployment rate fell to 5.3% in June from 5.5% in May ahead of an expectation of 5.4%.
Euro zone finance ministers and the group of international creditors have halted further negotiations with Greece until the outcome of the Sunday referendum and rejected any bailout extension.
Euro zone Producer Prices meet market expectations falling 2% year on year in May, following a 2.1% fall in April.
The British construction sector expanded at a faster than expected rate in June, with the growth being the fastest in four months, on higher output and new orders. UK Construction Purchasing Managers’ Index rose to 58.1 in June from 55.9 in May.
U.K. house prices dropped in June from May taking the annual growth to the lowest in two years.
Global equity markets were mixed overnight. US & Europe were down, UK and Asia were up except Shanghai which lost 3.5% : Dow -0.26%, S&P 500 -0.13%, FTSE +0.33%, DAX -0.73%, CAC -0.98%, Nikkei +0.95%, Shanghai -3.48%, Hang Seng +0.12%.
Gold price is down at $1164.99 an ounce, Oil (WTI) is down 4.41% at $56.96 a barrel.
The current indicative mid-rates are:
NZDUSD 0.6710 -0.5%
NZDEUR 0.6060 -0.7%
NZDGBP 0.4305 -0.3%
NZDJPY 82.65 -0.5%
NZDAUD 0.8805 -0.1%
NZDCAD 0.8430 -0.6%
Today’s Data releases: There is no local data out today.
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