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New Zealand employment preview: temporal relief on an upward surprise

From fxstreet.com

New Zealand will release early Thursday its Q4 employment data, foreseen slowing from the previous quarter, with jobs' growth in the three months to December seen up by a measly 0.3%, following a 1.1% advance in Q3. The unemployment rate, which dropped from 4.5% to 3.9% in the third quarter of the year, is seen up to 4.1%, despite the participation rate is seen decreasing to 71.0% from 71.1%. The brighter spot and not that bright is wages' growth as the quarterly an yearly figures are expected to have picked up. These numbers mean little change and therefore, lesser chances of the figures affecting RBNZ's monetary ... (full story)

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  • Category: Fundamental Analysis