New Zealand Dollar Rises 0.4% to 0.6150 as Traders Await 4.2% Jobless Rate
Updated
Updated · bitcoinworld.co.in · Aug 4
New Zealand Dollar Rises 0.4% to 0.6150 as Traders Await 4.2% Jobless Rate
3 articles · Updated · bitcoinworld.co.in · Aug 4
Summary
NZD/USD climbed 0.4% to 0.6150 on Tuesday, with the Kiwi also gaining against the Australian dollar and yen before New Zealand’s employment report due Wednesday at 10:45 PM ET.
The data are expected to show a 4.2% unemployment rate and 0.3% quarterly employment growth, figures traders see as crucial for judging the RBNZ’s next policy move.
A stronger reading could push NZD/USD toward 0.6180 and curb bets on rate cuts, while a weak report could drag it back toward 0.6100 and revive easing expectations.
The move builds on support from hotter New Zealand inflation and a softer US dollar, as markets weigh whether the RBNZ stays restrictive while the Fed pauses.