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NZ Employment Data

NZ Employment Data

This mornings NZ Jobless rate has pushed the NZD/USD to a 3 month high of 0.6732.

Figures releases today at 10.45 has seen the NZ unemployment rate plummet from 4.4% to 3.9% surprising markets, the lowest level since August 2008. Reflecting a sharp drop in the number of unemployed was the increase in the number of employed people jumping from 0.5% to 1.1%. One would expect the monetary policy statement tomorrow to now be quite hawkish. The NZD/AUD has jumped to trade above 0.9300.

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