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Pressured, Unemployment Rate Ticks Higher

NZD

NZD/USD prints $0.6440/45 as the Q4 Unemployment rate ticks higher, the pair was trading at $0.6460 pre-release.

  • Q4 Unemployment rate rose to 3.4%, had been expected to hold steady at 3.3%. Private Wages ex Overtime QoQ rose 1.1%, slightly below expectations.
  • NZD/USD has been supported above the 20-day EMA, printing a low of $0.6434 post data.
  • AUD/NZD is firmer, last printing $1.0950/55, holding above the 200-day EMA at $1.0909.
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