Australia AiG Performance of Construction Index falls to 35.2 in Apr from 39

The NZD/USD closed the day down 20 pips at 0.8512. Earlier in the session, the NZD Labour Cost Index was released which came in at 1.8% actual vs. 1.9% estimated. Market participants will keep an eye the RBA Rate Decision due out later in the session at 4:30GMT which may have an effect on the pair. There will be a few economic releases out of New Zealand later in the week worth monitoring which include the RBNZ Financial Stability Report and Employment Change.