We get a glance at NZ’s labour market today as follows: NEW ZEALAND Q2 S/ADJ JOBS GROWTH -0.4 PCT Q/Q (REUTERS POLL -2.0 PCT) 04-Aug-2020 16:45:01 – NEW ZEALAND Q2 S/ADJ UNEMPLOYMENT RATE 4.0 PCT (REUTERS POLL 5.8 PCT) 04-Aug-2020 16:45:01 – NZ Q2 PARTICIPATION RATE 69.7 PCT (REUTERS POLL 69.8 PCT) 04-Aug-2020 16:45:01 – NZ Q2 LCI PRIVATE SECTOR WAGES (EX-O’TIME) +0.2 PCT ON PVS QTR (REUTERS POLL +0.3 PCT) 04-Aug-2020 16:45:01 – NZ Q2 LCI PRIVATE SECTOR WAGES (EX-O’TIME) +1.8 PCT ON YEAR AGO (REUTERS POLL +1.9 PCT) NZD/USD update NZD has been holding steady ahead of next week’s MPS, which could be problematic for the bulls. The NZD has settled into a new “comfort zone” just north of 0.66. While it remains elevated, it is struggling on crosses – even against the AUD after the resumption of QE there and the Victorian virus flare up. We expect the RBNZ to be very dovish next week and to keep harder hitting unconventional policy options including negative rates and foreign asset purchases on the table, all of which speaks to strong headwinds for the NZD . Technically the NZD’s key day reversal on Friday was ominous and points to a move lower but some catalyst is needed to speed things up as the USD recovery falters. Analysts at ANZ Bank explained, adding that that jobs are starting to become more vulnerable as the economic impact of COVID-19 impacts business profitability and confidence to hire staff. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD: Bulls battle 0.6650 on upbeat New Zealand employment data FX Street 2 years We get a glance at NZ’s labour market today as follows: NEW ZEALAND Q2 S/ADJ JOBS GROWTH -0.4 PCT Q/Q (REUTERS POLL -2.0 PCT) 04-Aug-2020 16:45:01 - NEW ZEALAND Q2 S/ADJ UNEMPLOYMENT RATE 4.0 PCT (REUTERS POLL 5.8 PCT) 04-Aug-2020 16:45:01 - NZ Q2 PARTICIPATION RATE 69.7 PCT (REUTERS POLL 69.8 PCT) 04-Aug-2020 16:45:01 - NZ Q2 LCI PRIVATE SECTOR WAGES (EX-O'TIME) +0.2 PCT ON PVS QTR (REUTERS POLL +0.3 PCT) 04-Aug-2020 16:45:01 - NZ Q2 LCI PRIVATE SECTOR WAGES (EX-O'TIME) +1.8 PCT ON YEAR AGO (REUTERS POLL +1.9 PCT) NZD/USD update NZD has been holding steady ahead… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.