NZ April fall largest since the filled jobs series began more than 20 years ago
|New Zealand stats says total filled jobs fell 1.7% in April 2020 compared with march 2020.
Key notes
- Job numbers fell by a record 37,500 in April 2020 amid COVID-19 effects.
- April fall largest since the filled jobs series began more than 20 years ago.
NZD update
The NZD is tracking the yuan and Aussie, with slightly less correlated price action to equities towards the end of this week.
"Technically, the fact that we have held support at the old 0.6150/70 resistance level is a positive," analysts at ANZ Bank explained. "As we have flagged for a while, a lot of good news is now priced in and NZD will be under pressure if the mood changes. Long term we’re concerned about global unemployment, slowing growth and the income shock of that."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.