2012.05.02 06:42:01 MARKET TALK: NZD/USD Helped By China PMI; Eyes On US Jobs Data

0442 GMT [Dow Jones] The NZD/USD got a boost after HSBC's final China Manufacturing Purchasing Managers Index for April rose to 49.3 from 48.3 in March, says HiFX Senior Trader Stuart Ive. He notes the Kiwi came under some pressure earlier in the session, partly due to another slide in dairy prices in the overnight GlobalDairyTrade auction. However, "the end of the week is turning into a bit of a growth story because there was good U.S. data last night, showing continued resilience with the U.S. economy, plus the Chinese data." Ive notes all eyes will now turn to the U.S. ADP employment numbers. The pair is at 0.8145 versus a low of 0.8130 around midday. Ive says support is at 0.8120 while resistance is at 0.8180. (rebecca.howard@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires May 02, 2012 00:42 ET (04:42 GMT)