Forex
globalreutersAugust 6, 20241 Mins read
NZD/USD marked higher after the better than expected jobs report from New Zealand
globalreutersAugust 6, 20241 Mins read The data is here:
In summary, New Zealand’s unemployment rate rose to 4.6% in the April to June quarter
- economists had forecast a 4.7% unemployment rate
And employment increased 0.4% from the prior quarter
- economists had forecast 0.2% contraction in employment
I posted earlier that there were building expectations of an RBNZ rate cut on August 14. This takes some of the confidence out of that call.
This article was written by Eamonn Sheridan at www.forexlive.com.
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