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Kiwi Unemployment Jumps
02/04/10 by Daily Forex Snapshots
Filed under Forex & Futures
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Risk correlated trades were weaker in the Asian session, as New Zealand labor market reports surprised to the downside. The Q4 Employment fell by 0.1% q/q and the unemployment rate climbed to 7.3% (a 10-year high) from 6.5%. While the employment data was relatively inline with market expectations, the jump in unemployment sent risk seekers running for the exits. The market had been aggressively… | ||||||||||||||||||||
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