The NewZealand budget is to be released shortly at 0200GMT. Market awaits to see what the operating deficit will be. If the deficit comes in larger than NZ$20 bio it will lead to a sell of in the NZDUSD and a jump in the interest rate swap as it will be seen as a chance as a ratings downgrade by S&P. The NZDUSD tumbled 5% in JAnuary when S&P cut its outlook on NZ to negative from stable.