Forex.ee: Daily economic news digest

Daily economic digest from Forex.ee
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Thursday, July 2^nd  

^{NZD/USD fell amid easing expectations by the central bank and possible rate lowering in New Zealand. The pair is trading at 0.6677 with resistance level at 0.6790.}

^{AUD/USD is declining for the second consecutive day after data showed trade balance deficit was considerably wider than expected in Australia. The aussie is quoted at 0.7613 against its American equivalent. The support is likely to be found near 0.7591 level.}

^{The U.S. dollar index was flat at 96.47 despite yesterday’s strong economic data: ISM Manufacturing PMI exceeded expectations by 0.4 points reaching 53.5 and ADP Non-farm Employment Change was 237K with 218K expected.}

^{GBP/USD remained mostly unchanged after yesterday’s fall amid weaker Manufacturing PMI . The cable is still struggling near 1.5584and investors are viewing the British Construction PMI today. It is likely that pound will find support near 1.5526 if the data is worse than expected and resistance at 1.5677 in case of a stronger PMI reading.}

^{USD/JPY is back above 123.00 currently quoted at 123.51.}

^{The euro traded between small gains and losses in Asia. The single currency is worth $1.1054 after today’s lowest of 1.1032.}

^{Ahead in the day, all attention is on Non-Farm Payrolls and Unemployment rate in the U.S.}

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