The New Zealand Dollar appreciated against the US Dollar, following the New Zealand Employment data set release on Monday at 22:45 GMT. The NZD/USD exchange currency rate gained 60 pips or 0.91% right after the release. The Kiwi continued trading at the 0.6565 level against the US Dollar.
Statistics New Zealand released the New Zealand Employment Change data, which came out better-than-expected of 0.8% compared with the forecast of 0.3%.
According to the official release: "For men, the unemployment rate fell to 3.6 percent, down from 3.9 percent last quarter. This is the lowest unemployment rate for men since March 2008, when it was also 3.6 percent. For women, the unemployment rate fell to 4.2 percent, down from 4.4 percent last quarter."
| Date | 31.07.18 | 06.11.18 | 06.02.19 | 30.04.19 | 05.08.19 |
|---|---|---|---|---|---|
| Actual | 0.5% | 1.1% | 0.1% | -0.2% | 0.8% |
| Forecast | 0.4% | 0.5% | 0.3% | 0.5% | 0.3% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/NZD | 1.71912 | 1.70696 | -0.71% |
| GBP/NZD | 1.86089 | 1.84796 | -0.69% |
| NZD/JPY | 69.02100 | 69.499 | 0.69% |
| NZD/USD | 0.65299 | 0.65769 | 0.72% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/NZD | 26.7% | 73.3% |
| GBP/NZD | 73.5% | 26.5% |
| NZD/JPY | 64.8% | 35.3% |
| NZD/USD | 67.9% | 32.1% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 2:00 | NZD | Official Cash Rate | 1.25% | 1.50% |
| 2:00 | NZD | RBNZ Monetary Policy Statement | - | - |
| 2:00 | NZD | RBNZ Rate Statement | - | - |