News Headline Summary

NZD/USD continues to weaken post disappointing NZ Q3 jobs data seen earlier in the session; trades 0.8161, down nearly a full point since when the data was released

To recap earlier today, New Zealand Unemployment (Q3) Q/Q 7.3% vs. Exp. 6.7% (Prev. 6.8%)

Analysis details (04:08)

- The USD index has also just moved to session highs which has also prompted EUR/USD to touch session lows at 1.2744 as attention remains fully focused on the US fiscal cliff.
- With the risk off tone evident, the flight to safe currencies is not only supporting the USD but also providing some support to the JPY today.
- At present every major stock index across Asia (except NZ) is trading in firm negative territory.

08 Nov 2012 - 04:02 - Equities Data - Source: RANsquawk

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: