From earlier today, the Westpac: McDermott Miller NZ Employment Confidence Index is in at 100.7 for March 2013 (vs. prior (December 2012) at 99.1).
More from the New Zealand Herald:
“Households’ job optimism is inching up,” said Westpac economist Dominick Stephens. “The fact that it’s once again on a modest uptrend suggests that we may see the jobs market firming a little this year.”
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NZD/USD is overall bid, with support around 0.8330/40. Any move below here is going to call into question the strength, but until then an upside bias is best as buyers are seemingly in control. We’re approaching resistance around the 0.8390/00 level, then more 0.8415/25.
