NZ dollar falls after unexpected rise in unemployment in fourth quarter
By Rebecca Howard Feb. 1 (BusinessDesk) - The New Zealand dollar fell after figures showed the jobless rate unexpectedly rose in the fourth quarter while wage inflation remained tepid, detracting from the case for Reserve Bank rate hikes starting this year. The New Zealand...
UPDATE: Rise in NZ unemployment won't ruffle central bank feathers
(Recasts and adds economists' comments) By Rebecca Howard Feb. 1 (BusinessDesk) – New Zealand’s unemployment rate pushed back above 5 percent on the back of an ongoing surge in net migration but the news is unlikely to ruffle any feathers at the central bank as the labour...
NZ's jobless rate unexpectedly rises to 5.2% in 4th qtr; kiwi drops
By Rebecca Howard Feb. 1 (BusinessDesk) - A large number of people entering New Zealand's workforce pushed the unemployment rate back above 5 percent but also meant the labour force participation rate reached an all-time high, data from Statistics New Zealand shows. The un...
NZ dollar gains as Trump's policy moves weigh on greenback
By Rebecca Howard Jan. 31 (BusinessDesk) - The New Zealand dollar gained as US President Donald Trump's latest policy decisions unsettled markets and weighed on the greenback. The kiwi rose to 72.86 US cents as at 5 pm in Wellington from 72.65 cents late yesterday. The trad...
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