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NZ Employment numbers beat expectations

Written by Sam Coxhead on May 5th, 2011.      0 comments

11:00 AM (NZT) The first quarter NZ employment numbers just released showed 1.6% increase vs an expectation of .5% the Unemployment rate dropped from 6.8% to 6.6%. Understandably the NZD has seen a boost from these numbers.
 
The Golden week holidays continue in Japan today , so it is expected that Asian markets could be subdued, especially after the action of the last 24hours.
 
          Last 24 hours trade
  Current level Pre-NZ Empl. Chge since NZ Empl.   Low High
NZD/USD 0.7933 0.7905 0.4%   0.7866 0.7995
AUD/USD 1.0748 1.0753 0.0%   1.0738 1.0880
NZD/AUD 0.7380 0.7353 0.4%   0.7302 0.7360
AUD/NZD 1.3550 1.3600 -0.4%   1.3586 1.3695
NZD/GBP 0.4809 0.4795 0.3%   0.4764 0.4842
NZD/EUR 0.5352 0.5332 0.4%   0.5298 0.5386
NZD/JPY 63.99 63.80 0.3%   63.41 64.78
NZD/CAD 0.7601 0.7577 0.3%   0.7540 0.7613
 
 

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