Kiwi Seen Strengthening Further on NZ Jobs Data

        17:06 EDT - NZD/USD higher as USD positions were liquidated across the board, says ANZ. Firm adds there will likely be little respite from a strengthening New Zealand dollar with the release of 1Q employment data expected to be broadly supportive. "We expect today's employment data to confirm a further pick-up in the labor market with employment growth forecast to rise 3.4% on year--an 8-year high--and the unemployment rate to fall to a 5-year low of 5.7% in 1Q." NZD/USD at 0.8743, from 0.8695 late last session. ANZ expects the pair to trade in a short-term range of 0.8680 to 0.8840. (lucy.craymer@wsj.com;Twitter: @lucy_craymer)
        (END) Dow Jones Newswires

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