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NZD Falls on Jobs Data, BoE Takes Center Stage


The Kiwi was the main loser among the G10 currencies, tumbling after the disappointment in New Zealand’s employment data, which may have prompted investors to increase their bets with regards to a rate cut by the RBNZ. As for today, the spotlight is likely to fall on the BoE. It is a “Super Thursday” for the Bank, as besides the rate decision and the meeting minutes, we will also get the quarterly Inflation Report, as well as a press conference by Governor Mark Carney.

Kiwi Tumbles on Disappointing Jobs Data, Risk Appetite Eases Somewhat

The dollar continued gaining on Wednesday, against all the other G10 currencies. It gained the most against NZD, SEK, AUD and CAD in that order, while the currencies that slid the least were JPY, GBP and CHF.

The big loser was the Kiwi, which collapsed following New Zealand’s worse-than-expected employment data for Q4. Specifically, the unemployment rate rose to...

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Source: https://www.jfdbrokers.com/en/research/nzd-falls-on-jobs-data-boe-takes-center-stage
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