NZD response to the employment data - headline looked good but the details, no

The New Zealand dollar is a little higher.

The Unemployment rate came in 4.0% from 4.2% prior and a beat of what was the median consensus expectation of 4.2%

BUT …. as I said in the data post (here ICYMI) there is zero% q/q employment growth and a decline in the participation rate .... so, these negate the good headline

The wages growth data was a mixed bag.

Kiwi a few tics better only:

The New Zealand dollar is a little higher.

Top Brokers

Sponsored

General Risk Warning
investingLive Premium
Telegram Community
Gain Access