New Zealand: Labour cost index (YoY) (4Q): 1.9% vs 2.1%

Feb 4, 2013

New Zealand Labour cost index (QoQ) remains at 0.5% in 4Q

Forex: EUR/USD capped by political smoke; EUR/USD down to 1.3500

The EUR/USD has lost 200 pips since Friday's 1.3710 high to break down the 1.3590 area and test the 1.3500 support. It seems the 1.3700 is more than a frontier, but has the Euro lost shine or is it merely corrective?