Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, explains that New Zealand’s June quarter employment report underwhelmed and the market’s focus quickly switched to Trump and tariff headlines, although deep in the weeds there is good news. Key Quotes “The +0.5%/q lift in jobs (80% were full-time) was a fraction higher than expected, and the participation rate hovers near record highs at 70.9%.” “The preferred wages measure (private wages excluding overtime) underwhelmed at +0.6%/q (although as mkt expected) to be 2.1%/y. We expected the 4.8% jump in minimum wages to complement wage rises elsewhere, but there were stagnant wages for some public servants (teachers, nurses and tax officers) due to not agreeing on terms and conditions. So we expect a rebound if a deal is secured.” “The unemployment rate of 4.5% is consistent with the Bank’s May forecast of 4.4%.” 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 USD/JPY: Bullish S/T; A Daily Close Above 111.35 Confirms Bottom Formation For 118 Target – ING Yohay Elam 5 years Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, explains that New Zealand's June quarter employment report underwhelmed and the market's focus quickly switched to Trump and tariff headlines, although deep in the weeds there is good news. Key Quotes "The +0.5%/q lift in jobs (80% were full-time) was a fraction higher than expected, and the participation rate hovers near record highs at 70.9%." "The preferred wages measure (private wages excluding overtime) underwhelmed at +0.6%/q (although as mkt expected) to be 2.1%/y. We expected the 4.8% jump in minimum wages to complement wage rises elsewhere, but there were stagnant wages… 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.
