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New Zealand Labour Costs Index QoQ
The change in labor expenses is measured by the Labor Cost Index. The index includes base salary and regular-time pay rates, as well as nonwage labor-related costs like as annual leave and statutory holidays, superannuation, ACC employer payments, medical insurance, private motor vehicles, and low-interest loans.
A higher than expected figure should be seen as positive (bullish) for the NZD while a lower than expected figure should be seen as negative (bearish) for the NZD.
Forex Sentiment (NZD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| AUDNZD |
|
|
1.0906 -72 pips |
1.0971 +7 pips |
1.09775 | |
| EURNZD |
|
|
1.8845 -702 pips |
1.9500 +47 pips |
1.95472 | |
| NZDCAD |
|
|
0.8112 -24 pips |
0.8210 -74 pips |
0.81362 | |
| NZDJPY |
|
|
86.7103 -137 pips |
89.4421 -136 pips |
88.081 | |
| NZDUSD |
|
|
0.5877 -42 pips |
0.6044 -125 pips |
0.59188 | |
| GBPNZD |
|
|
2.2084 -509 pips |
2.1376 +1217 pips |
2.25925 | |
| NZDCHF |
|
|
0.4903 +137 pips |
0.5061 -295 pips |
0.47660 |
News (NZD)
New Zealand Services Index Improves In June - BusinessNZ
The services sector in New Zealand continued to contract in June, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.3.
RTTNews | 2 days ago
New Zealand Manufacturing Sector Improves In June - BusinessNZ
The manufacturing sector in New Zealand continued to contract in June, albeit at a slower rate, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 48.8.
RTTNews | 5 days ago
New Zealand Holds Key Rate As Expected
The Reserve Bank of New Zealand left its benchmark interest rate unchanged on Wednesday citing elevated level of uncertainty and near-term risks to inflation. The Monetary Policy Committee, governed by Christian Hawkesby, decided to hold the Official Cash Rate at 3.25 percent. The bank has paused the easing cycle for the first time since it started cutting rates in August 2024.
RTTNews | 7 days ago
