New Zealand’s employment figures for the second quarter will be released tonight at 23:45 BST (Wednesday morning NZ time). Employment is expected to have risen 0.7% in Q2 following an increase of 1.2% in Q1. The rate of unemployment is seen falling to 4.8% from 4.9 per cent previously. The numbers may have to beat expectations if the kiwi is going to sustain its recent rally, for earlier the fortnightly Global Dairy Trade (GDT) auction saw prices fall 1.6% following a 0.2% increase at the previous sale. Although Whole Milk Powder prices rose 1.3%, Skim Milk Powder prices declined 3.0 per cent. What’s more, butter ... (full story)