NZ dollar dips after domestic jobs data

Wed, 06 Nov 2019

The New Zealand dollar dipped after unemployment was slightly higher than expected in the third quarter. The kiwi was trading at 63.72 US cents at 5pm versus 63.82 cents at 8am in Wellington. The trade-weighted index was at 70.17 points from 70.29. “It rallied into it and then dipped on the release,” said Kiwibank senior FX trader Mike Shirley. “We have just sort of drifted around since then,” he said. The domestic focus will now shift to the central bank’s monetary policy review next week and economists are still split on whether it...

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