New Zealand dollar edged up after improved jobs data

Economies.com
2021-02-03 16:41PM UTC

The New Zealand dollar rose on Wednesday, after the release of upbeat jobs data yesterday.

 

New Zealand's employment change index rose 0.6% in January, beating forecasts of 0.1%.

 

The unemployment rate fell to 4.9% in January, from 5.3% in December, and better than forecasts of 5.6%.

 

The labor cost index rose 0.5% as expected, after rising 0.4% in the previous reading.

 

Similarly, ADB data showed that the US private sector has added 174K new jobs during January, beating forecasts of 48K jobs.

 

As of 16:39 GMT, NZD/USD rose 0.1% to 0.7199, after hitting a high of 0.7226 points and a low of 0.7184.

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