Published at 23:15 (GMT) 07 Nov

EUR/USD, NZD/USD Flows: Greek vote doesn't surprise, NZD employment does (QKNC5301)

There has not been much reaction to the news that Greece has enough votes for the austerity vote, but reaction as always going to be bigger to a no vote, and in reaction appears to be fading rather than building, though it is still early in Asian trade. Equities will remain under pressure with US politicians still a long way apart on the fiscal cliff - Republicans don't want higher taxes on small business, but Democrats want the rich to pay more (but some small business owners are rich). Equity weakness won't help the NZD either, though there the big story is startlingly weak unemployment data, up to 7.3% from 6.8% in Q3 when consensus was for a small fall. This is the second straight quarterly loss of jobs, making what had looked erratic seem more like a trend. DS