Forex
globalreutersFebruary 4, 20251 Mins read
New Zealand Q4 unemployment rate 5.1% (vs. 5.1% expected and 4.8% in Q3
globalreutersFebruary 4, 20251 Mins read New Zealand Q4 jobs data
The jump in the unemployment rate is bad news, though not unexpected. It hit its highest in 4 years.
As I said earlier, the impacts of the sustained Reserve Bank of New Zealand rate hike cycle is still impacting, despite the easing cycle beginning last year.
NZD/USD is not a lot changed, circa 0.5653.
This article was written by Eamonn Sheridan at www.forexlive.com.
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