Currencies  |  August 09, 2012 11:42:16

NZD after bad data on employment suffers

New Zealand dollar weakened following the publication of reports on employment in New Zealand. The results were significant because, other than experts estimated. Employment fell in the second quarter of 2000 jobs, up 0.1 percent, the unemployment rate rose to 6.8 percent. The data, although not overtly negative, but did not meet investor expectations. It seems that the "kiwi" fueled by negative fundamentals slowly puts downward trend. In addition, the Reserve Bank of New Zealand holds key interest rate to a record low of 2.5 percent.

NZD / USD fell from 0.8154 to 0.8120, NZD / JPY from 63.94 to 63.84. EUR / NZD rose from 1.5153 to 1.5209.

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