Unemployment rate falls, pushing NZ dollar and equities higher

Dan Brunskill
Wed, 03 Feb 2021

New Zealand shares and dollar both moved higher on Wednesday, reflecting labour market data that came in much stronger than expected as the recovery from the pandemic picks up pace.  The official unemployment rate fell to 4.9 percent in the December quarter, significantly lower than the 5.9 percent economists had expected.Stephen Toplis, head of research at BNZ, said market participants responded to the data release by buying the kiwi dollar and bidding long-dated bond yields higher.The kiwi dollar was trading at 72.13 US cents at 5pm in W...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
NZ dollar hits two-year low
Staff reporters | Wed, 06 Jul 2022

The New Zealand dollar fell to 61.59 US cents at 5pm this evening – the lowest it has been since May 2020.

Govt plans for grocery commissioner well received
Rebecca Howard | Wed, 06 Jul 2022

The new watchdog “will be a referee of the sector, keeping the supermarket duopoly honest and blowing the whistle where it suspects there is a problem”. 

Climate change
Carbonz resumes trading with creators standing by their credibility
Ian Llewellyn | Wed, 06 Jul 2022

The creators of a voluntary carbon credit and platform to trade them stand by their product.

How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges