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3 Feb 2015
NZD/USD just got heavier on NZ jobs data
FXStreet (Guatemala) - NZD/USD is currently trading at 0.7365 with a high of 0.7438 and a low of 0.7176.
NZD/USD dropped on the back of mixed NZ jobs data. The employment change was very string at 1.2% vs 0.8% previous and 0.8% expected but due to the participation rate disappointment, 69.7% (4Q) vs 69% previous, the New Zealand Unemployment Rate came in above the consensus of 5.3% in 4Q vs actual 5.7%.
This is seeing pressures mounting on an already heavy bird post the long squeeze in the greenback overnight. The commodity currencies benefitted with a rally in oil, better looking conditions in the EZ and dovish remarks coming from FED´s Kocherlakota who said the Central Bank Fed should not raise rates in 2015.
NZD/USD dropped on the back of mixed NZ jobs data. The employment change was very string at 1.2% vs 0.8% previous and 0.8% expected but due to the participation rate disappointment, 69.7% (4Q) vs 69% previous, the New Zealand Unemployment Rate came in above the consensus of 5.3% in 4Q vs actual 5.7%.
This is seeing pressures mounting on an already heavy bird post the long squeeze in the greenback overnight. The commodity currencies benefitted with a rally in oil, better looking conditions in the EZ and dovish remarks coming from FED´s Kocherlakota who said the Central Bank Fed should not raise rates in 2015.