According to Statistics New Zealand, the rate of unemployment grew up to 6.8% in Q2 2012 while analysts had anticipated 6.5%. in Q1 2012, the rate of unemployment was 6.7%.
At the same time, the rate of employment increased by 0.6% (y/y) against 1.2% expected by analysts. In Q1 2012, it increased by 0.9%.
Forex.
According to , the New Zealand Dollar keeps retracing against the US Dollar. The experts report that NZDUSD has finished forming wave А(С)/С inside a bigger-scale upswing represented by wave А/В of level Daily2.
A further rally will probably encounter resistance around 0.8233 and 0.8318. The current bullish move will be completed as soon as the price overcomes the bottom of the MF sloping channel and consolidates below 0.8074, 0.8067 (as shown below).
