The NZD / USD currency pair is declining. The actual unemployment rate in Q4 2018 was 4.3%, with a forecast of 4.1%. The unemployment rate is an indicator published by the Statistics Bureau of New Zealand that measures the ratio of the unemployed population to the total number of able-bodied citizens. Rising unemployment rate indicates a lack of growth in the country's labor market. Thus, an increase in the index weakens the economy of New Zealand.
Recall today will be the publication of data on initial applications for unemployment benefits in the United States. The forecast is 221K. The data of the Ministry of Labor on the number of new applications for unemployment benefits. Determines the state of the labor market. A higher than expected result indicates a weak labor market, which negatively affects the US dollar. A low result, on the contrary, strengthens the USD.
As of the morning, February 7, the price mark for the NZD / USD currency pair is in the range of 0.6743 - 0.6761. We consider sales. The signal to enter the market will be the support break through 0.6704.
Recall today will be the publication of data on initial applications for unemployment benefits in the United States. The forecast is 221K. The data of the Ministry of Labor on the number of new applications for unemployment benefits. Determines the state of the labor market. A higher than expected result indicates a weak labor market, which negatively affects the US dollar. A low result, on the contrary, strengthens the USD.
As of the morning, February 7, the price mark for the NZD / USD currency pair is in the range of 0.6743 - 0.6761. We consider sales. The signal to enter the market will be the support break through 0.6704.