Disclaimer
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
News Highlights : Top Financial Services News of the Day marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
5/4/2021 9:18:49 PM GMT | By Anil Panchal
NZD/USD stays pressured, eases of late, following RBNZ’s bi-annual FSR.
Market sentiment dwindles on Yellen’s comments, covid woes.
Strong US data adds to the greenback’s strength.
New Zealand Q1 employment data, RBNZ press conference and risk catalysts will be the key.
NZD/USD seesaws around 0.7150-45 following the release of the Reserve Bank of New Zealand’s (RBNZ) Financial Stability Review (FSR) amid the early Wednesday morning in Asia. In doing so, the kiwi pair sellers seem to catch a breather after dropping to the three-week low ahead of the key data and events.
About New Zealand unemployment rate and employment change
The quarterly report on New Zealand unemployment rate and employment change is being released by the Statistics New Zealand.
The unemployment rate is the number of unemployed workers divided by the total civilian labor force. If the rate is up, it indicates a lack of expansion within the New Zealand labor market. As a result, a rise leads to weaken the New Zealand economy. A decrease of the figure is seen as positive (or bullish) for the NZD, while an increase is seen as negative (or bearish).
On the other hand, employment change is a measure of the change in the number of employed people in New Zealand. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. A high reading is seen as positive (or bullish) for the NZ dollar, while a low reading is seen as negative (or bearish).