Switzerland: Employment Level falls to 4.116M in Q4

The NZD/USD has been in decline since losing its grip on the 0.8400 level yesterday amidst the risk-off movement surrounding Italy. Overnight trading has continued the downward path, however the pair has held onto the 0.8300 level (0.8306 session low), with several noteworthy events today that could shape the cross’ short-term path. At the time of writing, the pair has recently bounced off its lows, trading presently at 0.8315/18 during European trading.