The New Zealand unemployment rate rose from 4.0% to 5.3% in the third quarter, in line with expectations. The labor participation rate rose from 69.9% to 70.1%.
The change in employment It was negative at 0.8%, higher than the 0.7% drop of the market consensus, compared to a year ago, it registered an increase of 0.2%. Private wages increased 0.4% in the quarter, more than the 0.3% expected.
The kiwi it remained without registering large variations after the employment report for the third quarter. NZD / USD held just shy of 0.6700, validating Tuesday’s gains, with traders looking closely to the US, where the presidential election is taking place.
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Credits: Forex Street
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