HomeContributorsFundamental AnalysisNZD/USD: NZ Unemployment Rate

NZD/USD: NZ Unemployment Rate

The Kiwi jumped against the US Dollar, following the data release on the New Zealand’s labour market. The NZD/USD exchange rate rose 0.48% or 35 pips, but returned to the 0.7320 mark.

Statistics New Zealand stated that the country’s job growth slowed less than anticipated in the December quarter of 2017, as government change caused a decrease in business confidence and made companies more cautious concerning hiring. However, the unemployment rate slumped unexpectedly to the nine-year low of 4.5%. Meanwhile, the modest employment growth, which slowed to 0.5% from 2.2% seen in the Q3, provided more signs that pressure on inflation and wages would remain benign, allowing the RBNZ to keep rates unchanged.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Featured Analysis

Learn Forex Trading