Breaking: The New Zealand jobs send the kiwi on the march


NZD/USD has popped to print some 0.5% higher on the day following recent data.

 The New Zealand jobs data has arrived as folllows:

The Unemployment Rate (Q1): 4.7% (est 4.9%, prev 4.9%);  NZ Employment Change (YoY) Q1: 0.3% (est -0.1%, prev 0.7%)%); NZ Employment Change (YoY) Q1: 0.3% (est -0.1%, prev 0.7%); - NZ Participation Rate (Q1): 70.4% (est 70.3%, prev 70.2%).

NZD/USD reaction

Description of the Unemployment Rate

The Unemployment Rate released by the Statistics New Zealand is the number of unemployed workers divided by the total civilian labor force.

If the rate is up, it indicates a lack of expansion within the New Zealand labor market.

As a result, a rise leads to weaken the New Zealand economy.

A decrease of the figure is seen as positive (or bullish) for the NZD, while an increase is seen as negative (or bearish).

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Are you new to trading or have been trading for a while and you feel stuck?

Try with us!
Become Premium!
   

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD Price Analysis: Struggles above 1.2050 inside rising wedge

EUR/USD fades the previous day’s bounce off 1.2060-55 support confluence while easing to 1.2078 amid early Friday’s Asian session. 

EUR/USD News

GBP/USD Price Analysis: Bulls lookig for breakout to the topside

Following the progression of the price action and market structures across the various time frames in GBP/USD, it can be concluded that the bulls are now in the most favourable position.

GBP/USD News

Dogecoin price spikes on Musk tweet, renews momentum for DOGE to test $1

Dogecoin price closed below the critical April high yesterday, putting the pursuit of $1.00 in doubt. The new Elon Musk tweet has reversed the descent and raises the potential of DOGE closing today with a bullish engulfing day.

Read more

EUR/USD Price Analysis: Struggles above 1.2050 inside rising wedge

EUR/USD fades the previous day’s bounce off 1.2060-55 support confluence while easing to 1.2078 amid early Friday’s Asian session. 

EUR/USD News

Why US retail sales will rock the markets on Friday

It was a rollercoaster ride in the financial markets this week and volatility is not expected to subside tomorrow with the April US retail sales report scheduled for release. investors are eager to see how well the consumer is holding up.

Read more

Forex MAJORS

Cryptocurrencies

Signatures