New Zealand's unemployment rose to 6.7% in Q1

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Source: Forexpros
Jobless rate in New Zealand increased unexpectedly in Q1 of 2012, reported Statistics New Zealand. The unemployment rate in the country advanced to 6.7% in Q1 as compared to 6.3% in the previous quarter. Experts predicted the jobless rate to stay unchanged at 6.3% in Q1. After the release of data, New Zealand Dollar posted losses against its US counterpart and NZD/USD traded at 0.8081, falling by 0.33%.

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