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US $1 and NZ dollar coin - Source: ONE News -
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The New Zealand dollar slipped ahead of unemployment statistics being released on Thursday morning.
With the US dollar also buoyed by improving economic data, including fewer private sector job losses in the United States, the kiwi had fallen to US70.77 cents at 8am compared with US71.06 cents at the end of Wednesday's local session.
The ANZ Bank said in its market brief that fourth quarter unemployment data should dominate Thursday's local session.
"Topside sellers having won yesterday's battle should provide support alongside yield demand if the NZD moves closer to support at 0.7035," it said.
Economists were expecting an unemployment rate of 6.8% for the December quarter and the Reserve Bank was expecting 6.6%, from 6.5% in the September quarter.
The kiwi also lost ground overnight against the aussie dollar, easing to A80.18 cents at 8am from A80.23 cents at 5pm. It was unchanged at 0.5089 euro but gained to 64.49 yen from 64.21 yen.
The trade weighted index fell to 65.34 from 65.44.
