New Zealand Dollar Falls As NZ Jobless Rate Rises
05 Noviembre 2019 - 9:00PM
RTTF2
The New Zealand dollar declined against its major counterparts
in the pre-European session on Wednesday, after a data showed that
the nation's jobless rose in the third quarter.
Data from Statistics New Zealand showed that the unemployment
rate came in at a seasonally adjusted 4.2 percent in the third
quarter.
That exceeded expectations for 4.1 percent and was up from the
11-year low mark of 3.9 percent in the three months prior.
On a yearly basis, employment was up 0.9 percent - in line with
expectations following the 1.7 percent jump in the previous three
months.
Asian shares are trading mixed as investors awaited concrete
details from the Sino-U.S. trade negotiations.
As the two sides try to hammer out details of the "phase one"
trade deal, Beijing wants Washington to make a solid commitment
towards removing tariffs.
The kiwi declined to a 1-week low of 0.6361 against the
greenback and a 5-day low of 69.28 against the yen, from its early
highs of 0.6384 and 69.69, respectively. If the kiwi falls further,
0.62 and 67.5 are likely seen as its next support levels against
the greenback and the yen.
Reversing from its early highs of 1.7342 against the euro and
1.0800 against the aussie, the kiwi dropped to a 6-day low of
1.7413 and a 1-1/2-month low of 1.0828, respectively. The next
possible support for the kiwi is seen around 1.78 against the euro
and 1.10 against the aussie.
Looking ahead, PMIs from major European economies and Eurozone
retail sales for September are scheduled for release in the
European session.
At 10:00 am ET, Canada Ivey PMI for October will be
released.
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