6 Mar 2015
NZD/USD falls toward 0.7400 after strong US NFP
FXStreet (Córdoba) - NZD/USD fell sharply and turned intraday negative following a strong US jobs report, which triggered a dollar rally across the board.
NZD/USD fell more than 100 pips from daily highs and hit a 3-week low of 0.7404 after data showed the US economy created 295K new jobs in February, versus 240K expected, while the unemployment rate fell to 5.5%.
However, NZD/USD managed to hold above the 0.74 mark and it was last trading down 0.86% on the day at 0.7410. The pair is posting its second daily loss in a row after being rejected from above 0.7600 earlier this week.
NZD/USD fell more than 100 pips from daily highs and hit a 3-week low of 0.7404 after data showed the US economy created 295K new jobs in February, versus 240K expected, while the unemployment rate fell to 5.5%.
However, NZD/USD managed to hold above the 0.74 mark and it was last trading down 0.86% on the day at 0.7410. The pair is posting its second daily loss in a row after being rejected from above 0.7600 earlier this week.