NZ$ down to 81 USc
Was over 81.5 USc
Near 4 mth low
Weak stocks
US jobs data
ADP Jobs report
119,000 jobs added
Fewest in 7 months
177,000 expected
US jobs weak
Non farm payrolls
On Friday night
S&P down 0.3%
Eurostoxx down 0.7%
European jobless
10.9% in March
Up from 10.8% in Feb
Highest since April 97
Euro manufacturing
Contracted in April
Jobless up in Germany
Weak recovery
High debt + austerity
Deleveraging
NAB cuts 32 bps
First to move
RBA cut 50 bps
Rest will do
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