The New Zealand dollar is higher this morning; the beat on the jobs number is here:
NZ Q4 Unemployment rate 4.5% (expected 4.7%) Employment change 0.5% q/q (exp 0.4%)
NZD was sent higher immediately
Jamming the shorts is a technical term for it
- i.e short-covering (clusters were above 0.7330)
A few offers now above 0.7350
& Bids 0.7290
But ... there will likely be bids raised to circa 0.7315
Short-term chart:
