AB; NZ dollar near one-week high as risk appetite returns
WELLINGTON, Feb 12 - The New Zealand dollar held near one-week highs on Friday, supported by improving risk appetite on rising equities and strong Australian jobs data.
* Kiwi around $0.7000/10 level, gaining about 20 basis points from the levels seen in Thursday's late local trade.
* Kiwi pushed as high as $0.7022 in offshore trade, highest since Feb. 5, extending earlier gains following better than expected Australian jobs data, which spurred bets of another rate hike next month. [ID:nSGE61A00L]
* NZ dollar rises to a three-week high against the euro , which also weakened against the U.S. dollar, as investors were disappointed with the lack of details regarding a European Union deal to support heavily-indebted Greece. [ID:nLDE61A0W2]
* NZ dollar steady against the yen , while softer against the Aussie . The trade-weighted index <=NZD> 0.4 percent higher.
* Support for the kiwi seen from $0.6960, with resistance at $0.7100.
* Markets await local Q4 retail sales data due at 2145 GMT, with expectations for 1.4 percent rise in volumes [NZ/POLL].
* NZ government debt flat, while U.S. Treasury debt prices fell on preference for riskier assets. -------------(12 February 2010 09:20 / 2020 GMT)-------------
(Last prices as at 6pm NZ time the previous day) 90-DAY LIVE 2.76 (2.76) NOV-2011 3.910 (3.910) 90-DAY (MAR) 97.19 (97.19) APR-2013 4.650 (4.650) 90-DAY (JUN) 96.66 (96.66) DEC-2017 5.580 (5.580) 90-DAY (SEP) 96.03 (96.05) MAY-2021 5.880 (5.880) RBNZ MCI 208 (191) US 10YR BOND 3.731 (3.690) NZD TWI 64.77 (64.56) AU 10YR BOND 5.602 (5.605) NZD/USD 0.7005(0.6990) NZ/US 10YR SPD +215bp(+219bp) NZD/AUD 0.7858(0.7865) NZ/AU 10YR SPD -2bp (-3bp) NZD/EUR 0.5118(0.5067) NZ 2YR SWAP 4.300 (4.300) NZD/JPY 62.86 (62.82) NZ 5YR SWAP 5.280 (5.280) --------------------------------------------------------------- - (
