New Zealand 2Q Labour cost index (YoY) falls to 1.7% vs 1.8%

NZ jobs change in line with expectations; unemployment rate ticks slightly higher

FXstreet.com (Barcelona) - The Employment Change for the second quarter in New Zealand came at 0.4% vs 0.4% exp and 1.7% last, while the jobless rate stood at 6.4% vs 6.3% exp and 6.2%. The Labour cost index for Q2 printed 0.4% vs 0.5% exp and +0.4% last.
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NZD/USD loses grip on 0.7900 after downtrodden NZ data

The NZD/USD foreign exchange rate quivered on the heels of the release of generally disappointing NZ economic data Wednesday morning.
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