The domestic docket offered little to excite investors on Thursday and once again the New Zealand Dollar fell during Asian and European trade against the Greenback driven by weak equity markets. The NZD/USD pair touched a low of 0.6727 before a knee-jerk reaction to a Wall Street Journal report claiming that US officials were weighing the option to lift the tariffs on Chinese imports to calm the markets. Kiwi jumped up 40 pips and hit 0.6786 but has settled back down around 0.6764 at the time of writing. After a spokesman for the U.S Treasury denying these claims.
Looking ahead today sees the release of Business NZ Manufacturing Index which measures the level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.
On a technical front, Support sits at 0.6745 followed by 0.6730, on the up side, resistance sits at 0.6780 and 0.6800