Employment data for Q1 due from New Zealand today:

  • Unemployment rate for Q1: expected is 5.5%, prior was 5.7%
  • Employment change for Q1 q/q: expected is +0.8%, prior was +1.2%
  • Employment change for Q1 y/y: expected is +3.3%, prior was +3.5%
  • Participation rate for Q1: expected is 69.4%, prior was 69.7%
  • Private wages including overtime for Q1: 0.4%, prior was 0.5%
  • Private wages excluding overtime for Q1: 0.4%, prior was 0.5%
  • Average hourly earnings: expected is +0.9% q/q and prior was +0.4%

Data due at 2245GMT

NZD/USD benefitted from the net USD weakness during US time: