Domestic Events to Drive New Zealand, Aussie Dollars

        17:18 EDT - There are a number of domestic events scheduled for the session that may move NZD/USD and AUD/USD, says Westpac currency strategist Imre Speizer, who sees an upside bias for the AUD/USD but a possible correction lower for the NZD/USD. In New Zealand, Speizer says RBNZ Governor Wheeler is speaking in Hamilton, and then 1Q labor data is due. "The market is likely to focus on the unemployment rate, expecting an improvement to 5.8%, but wage cost data will also be watched." He says AUD focus is on Australia retail sales. NZD/USD last at 0.8742, which Speizer sees correcting towards 0.8680 before pushing to "fresh highs." AUD/USD last at 0.9350, targeting 0.9380. (lucy.craymer@wsj.com; @lucy_craymer)
        (END) Dow Jones Newswires

        May 06, 2014 17:18 ET (21:18 GMT)