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NZD Down Modestly On Jobs Growth Miss

NZD

NZD/USD is a touch weaker post the Q3 employment data, the pair last near 0.5815. This is -0.15% down versus Tuesday NY closing levels. The employment data saw weaker jobs growth (-0.2% q/q, +0.4% forecast), which took the y/y pace to 2.4% (3.2% forecast). The unemployment rate ticked higher to 3.9% but this was in line with forecasts. Wages growth was slightly below expectations. More details to follow.

  • For NZD/USD focus will be on the low 0.5800 region, a break sub this could see Oct 26 lows at 0.5774 targeted.

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