The NZD/USD continued its downward slide on Friday, ending the week just below 0.7900. It has opened the week lower to sit around 0.7840 currently. Despite mixed messages in Friday night’s US employment report, the USD bounced at the expense of most of its peers. After some initial volatility the NZD/USD slipped lower, to end the week around 0.7900. Over the weekend, data releases showed a softer-thanexpected outcome for Chinese trade. This has contributed to the NZD and the AUD starting the week on the back foot. The NZD/USD currently sits around 0.7840.
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