NZD/USD popped higher as New Zealand...........>

KIWI: NZD/USD popped higher as New Zealand reported Q1 data. Unemployment rate

increased to 4.2% from 4.0%, that is less than forecast (4.4%). Employment

change also topped expectations, although participation rose to 70.4% from 70.1%

vs. exp. of 70.0%. Hourly earnings topped projections, wage data was

below-forecast. It seems RTRS released incorrect figures ahead of schedule,

which might explain a mild uptick in NZD in the immediate run-up to the official

publication. That said, price swings around the time of the release were not

particularly large, as the survey covered the period before nationwide lockdown

measures were introduced.

- NZD/USD pushed higher to $0.6070 before trimming gains. It changes hands +11

pips at $0.6063 as we type. Familiar technical levels remain in play.