Australian and NZ dollars fade as data hurts

WELLINGTON/SYDNEY, Oct 4 (Reuters) - The Australian dollar was hemmed in around a one-month low on Thursday as weak data at home and stronger U.S. jobs numbers weighed, dragging the New Zealand dollar to a three-week low in its wake.

* The Australian dollar sits around $1.0210 just above its Sept 6 lows, and little changed from its late local level on Wednesday. It ranged a relatively tight $1.0196 to $1.0235 range overnight.

* The Aussie has lost around a cent and a half since Tuesday's rate cut. The September low of $1.0165 sits as solid support, with the 100 day moving average around $1.0242 slowing the upside ahead of $1.0298.

* The New Zealand dollar at $0.8190 from Wednesday's $0.8215 having been dragged lower in the downdraft of the falling Aussie. Kiwi decline on the cross rate against the Aussie due to profit taking also weighs as does narrowing yield gap with the U.S.

* The kiwi sitting on support level at the Sept. 24 and 26, double low at $0.8184, below which is the 50 day moving average at $0.8140, with the topside capped at $0.8265.

* The dollar rises after data shows U.S. companies added 162,000 jobs last month, more than expected, boosting some hopes that the health of the world's largest economy is improving.

* The report is not regarded as a good pointer to the non-farm payrolls data due on Friday. Forecasts are for 113,000 jobs to be added, while the jobless rate ticks up to 8.2 percent.

* A separate report shows the U.S. services sector gaining ground in September.

* Uncertainty about if and when Spain might seek a bailout continues to nag and keep investors wary.

* A bevy of events later in the day including meetings of the Bank of England and European Central Bank, U.S. initial job claims, factory orders, and the minutes of the Fed's September meeting.

* The slowdown in key markets for key commodities finally catches up with the Aussie after data showed the economy posting its widest trade deficit in 3-1/2 years as falling iron ore and coal prices dented export earnings.

* The Aussie was also hurt by expectations that interest rates may fall further after the Reserve Bank of Australia on Tuesday cut its cash rate to 3.25 percent, the lowest in three years.

* Interbank futures show a two-in-three chance of an easing in November and rates of 2.55 percent by March. Overnight indexed swaps indicate a cash rate of 2.65 percent in 12 months.

* The Aussie lower against the euro, which holds up around a three-and-a-half month high at A$1.2632 . Single currency manages a solid 0.8 percent gain against the kiwi to NZ$ 1.5750, a two week high.

* The Aussie advances solidly against the kiwi, up around 0.5 percent to NZ$1.2452 , having touched a year-low of NZ$1.2361 on Tuesday. Kiwi generally feels the weight of selling vs Aussie.

* Australian August month retail sales due with expectations of a modest 0.4 percent rise after the previous month's 0.8 percent fall. Building approvals also due with analyst expecting a 4.7 percent rise from Sept's 17.3 pct fall.

* Australian government bond futures retreat after hitting two-month highs on Wednesday. The three-year contract down 0.03 points to 97.710, while the 10-year contract also eases 0.03 points to 97.155.

* New Zealand government bonds mixed, with a slight offered tone at the short end of the curve and a slight bid tone at the long end.

((Australia/New Zealand bureaux)(+61 2 9373 1800/+64 4 802 7980))