New Zealand dollar rises on strong jobs data
Economies.com
2021-05-05 16:18PM UTC
The New Zealand dollar rose against most of its peers on Wednesday, lifted by strong jobs data.
The New Zealand Department of Labour revealed that the employment change index rose by 0.6% in April, beating forecasts of 0.3%.
The unemployment rate fell to 4.7% in April, beating forecasts to hold at 4.9% unchanged.
While ADB data showed today that the US private sector added 742K new jobs in April, the largest monthly rise since September, missing forecasts of 872K.
New Zealand is one of the few countries that have been successful in containing the coronavirus outbreak, with zero new cases or deaths reported during the recent period.
As of 16:17 GMT, NZD/USD rose 0.9% to 0.7211, after hitting a high of 0.7219 and a low of 0.7143.
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