OUTLOOK CURRENCY: Reduced risk appetite will limit topside moves for the NZD today to the low 0.81USD area as markets evaluate Asia's response to overnight moves. Expect support in the NZD to further emerge on an extension to 0.8060USD.
HEADLINES... Markets: US equities post another solid session, 10 year Treasuries little changed. In FX the USD trended a little lower as market participants anticipated the Greece confidence vote passing.
CURRENCY: The clock continues to tick as the Greek PM faces the Economist Telephone: +64 4 802 2199 confidence vote this morning. Topside moves for the NZD today should continue to be difficult to sustain given the uncertainty offshore.
Across Asia, regional markets are all lower as traders continued to worry about concerns of US growth and the Eurozone sovereign debt problems.
Wellington, Feb 24 NZPA - The New Zealand sharemarket fell today but brokers said many of the profit results reported by companies were good and well-received by investors.
Wellington, Feb 24 NZPA - The New Zealand sharemarket fell in early trading, after equity markets around the world slumped as investors worried about the impact of higher oil prices due to violent unrest in Libya.
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