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New Zealand Dollar softens below 0.5900 after Unemployment Rate rises to decade high
The NZD/USD pair loses momentum to near 0.5875 during the early Asian trading hours on Wednesday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) following the employment report.
Japan Labor Cash Earnings (YoY) meets forecasts (3.4%) in June
Japan Labor Cash Earnings (YoY) meets forecasts (3.4%) in June
Gold edges lower below $4,100 as markets focus on US-Iran talks
Gold price (XAU/USD) declines to near $4,070 during the early Asian session on Wednesday. The precious metal fluctuates as traders weigh the Federal Reserve’s (Fed) interest-rate path amid uncertainty in the Middle East.
Australia S&P Global Services PMI came in at 53.6, above expectations (53) in July
Australia S&P Global Services PMI came in at 53.6, above expectations (53) in July
Australia S&P Global Composite PMI registered at 53.2 above expectations (52.6) in July
Australia S&P Global Composite PMI registered at 53.2 above expectations (52.6) in July
EUR/JPY Price Forecast: Rebound stalls below 200-day SMA
The EUR/JPY buyers stop the bleeding after three consecutive days of losses, registering modest gains of 0.56% on Tuesday. At the time of writing, the cross-pair trades at around 181.90 after US and Japanese authorities intervened in the FX markets to propel the Japanese Yen against its pairs.
New Zealand’s Unemployment Rate climbs to 5.6% in Q2 vs. 5.4% expected
New Zealand’s Unemployment Rate rose to 5.6% in the second quarter (Q2) of 2026 from 5.3% in the first quarter, according to the official data released by Statistics New Zealand on Wednesday. The figure came in above the market consensus of 5.4%.
New Zealand Participation Rate came in at 70.7%, above expectations (70.3%) in 2Q
New Zealand Participation Rate came in at 70.7%, above expectations (70.3%) in 2Q
New Zealand Labour Cost Index (YoY) came in at 2.1%, above expectations (2%) in 2Q
New Zealand Labour Cost Index (YoY) came in at 2.1%, above expectations (2%) in 2Q
New Zealand Unemployment Rate above forecasts (5.4%) in 2Q: Actual (5.6%)
New Zealand Unemployment Rate above forecasts (5.4%) in 2Q: Actual (5.6%)
New Zealand Employment Change came in at 0.5%, above expectations (0.2%) in 2Q
New Zealand Employment Change came in at 0.5%, above expectations (0.2%) in 2Q
New Zealand Labour Cost Index (QoQ) above forecasts (0.6%) in 2Q: Actual (0.7%)
New Zealand Labour Cost Index (QoQ) above forecasts (0.6%) in 2Q: Actual (0.7%)
New Zealand Dollar climbs ahead of NZ employment data
NZD/USD trades on the front foot near 0.5886 on Wednesday, advancing around 0.3% and building on the rebound that lifted the pair off the 0.5850 area.