The NZD/USD opens higher at 0.7850 this morning after weaker than - TopicsExpress

The NZD/USD opens higher at 0.7850 this morning after weaker than expected US data saw dollar weakness across the board. Durable Goods Orders came in at -7.3% vs -3.0% expectation, the biggest drop seen in a year. The NZD showed little reaction to a poor Trade Balance number yesterday which came in at -774M vs -18M expectation. Stock markets currently: Dow Jones -0.43%, S&P -0.40%, FTSE closed.

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