USD slightly up as investors digest mixed labor market data, New Zealand will possibly raise the interest rate at RBNZ’s next meeting

USD was slightly higher on Friday morning, with the DXY Index currently hovering around 92.328, up about 0.09% since opening. The upward momentum primarily comes from investors’ reactions to the latest data and information. Earlier in the week, the Fed official has signaled some tightening, raising concern among investors, and pushing up USD. Yesterday in the US, the ADP payrolls have also been released. In July, the ADP payrolls landed at 330k, far below the forecast at 695k and the previous figure at 680k. However, the weekly initial jobless claims have fallen to 385k.

In New Zealand, the currency has been the best performing G10 currency for the week. Investors are expecting RBNZ to raise the interest rate during its next meeting on August 18th.