NZ Employment Misses the Mark - Forex News by FX Leaders
NZD/USD is Weak

NZ Employment Misses the Mark

Posted Tuesday, April 30, 2019 by
Rowan Crosby • 1 min read

There were high hopes coming in but NZ employment has missed the mark.

The Unemployment rate was 4.2% which beat the expected 4.3%, prior was 4.3%
The Employment change was-0.2% q/q which was a poor miss with the expected at 0.5%, and prior being 0.1%.
This continues to the series of weak numbers led by CPI. This is clearly putting the RBNZ under all sorts of pressure to cut now so we will watch closely and see how this plays out.
The NZD/USD down on the session now and weak. It held up really well yesterday against a backdrop of weak Chinese data and actually had a good business confidence data point. So today is a little disappointing.

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About the author

Rowan Crosby // Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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