New Zealand Dollar: The New Zealand Dollar opens higher on Monday at 0.6945 after a report in the US on Friday night showed fewer jobs were lost than expected spurring demand for riskier assets and higher-yielding currencies. The U.S. unemployment rate remained unchanged at 9.7 per cent, softening the greenback and pushing the kiwi to an overnight high of 0.6971. Meanwhile, the kiwi remains near nine-and-a-half year lows against the Australian Dollar at 0.7650 as the Reserve Bank of New Zealand is expected to leave interest rates on hold this week at 2.5 per cent compared to Australia's official cash rate of 4.00 per cent.
- I expect a range today in the NZD/USD rate of 0.6920 to 0.6980
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