New Zealand Q4 unemployment rate 5.1% (vs. 5.1% expected and 4.8% in Q3

New Zealand Q4 jobs data

The jump in the unemployment rate is bad news, though not unexpected. It hit its highest in 4 years.

As I said earlier, the impacts of the sustained Reserve Bank of New Zealand rate hike cycle is still impacting, despite the easing cycle beginning last year.

NZD/USD is not a lot changed, circa 0.5653.

This article was written by Eamonn Sheridan at www.forexlive.com.