Major Asian currencies were trading negatively this morning, where heavy data issued today by New Zealand, Japan and Australia affected the trading session.
The Reserve Bank of New Zealand kept the interest rates unchanged at its record low of 2.5 percent, asweak economic growth suppresses inflation pressures. The New Zealand dollar fell yet the governor Alan Bollard said that the sustained strength in the New Zealand dollar would reduce the need for further increases in the cash rate.
The NZ dollar fell directly after the RBNZ's governor announcements, to trade at 81.64 U.S. cents from 81.95 cents immediately before the statement.
Moving to Japan, the Japanese economy contracted less than the government's initial estimate last quarter, improving prospects for the recovery from last year's earthquake. The nation's gross domestic product shrank an annualized 0.7% in the fourth quarter, compared with a preliminary estimate of a 2.3%, yet it missed expectations of 0.6% contraction.
The Japanese yen has weakened since the BOJ announced extra stimulus and set an inflation goal, and it's currently trading at 81.16 per dollar.
Moving to Australia, the Australian Bureau of Statistics issued February's employment change, where it retreated by -15.4 thousand jobs, compared with the prior reading of 46.3 thousand jobs, which was revised to 46.2 thousand jobs, also it missed expectations of 5.0 thousand jobs.
Aussie fell versus the U.S. dollar; the pair reached its highest level in today's trading session at 1.0589 and reached its lowest level at 1.0531, while it is currently trading around 1.0555.
Heading to Europe, eyes will be on the rate decision from the BoE and the ECB especially as the clock ticks to the end of the debt swap deal from Greece at 10 PM local time and that will keep the markets tensed and jittery for any signals or comments.