• +1-949-335-4314

Capital Street BancClear Corporation

Option Banque is a brand owned and operated by Capital Street BancClear Corporation Limited with registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG.

  • Suite 305, Griffith Corporate Centre Beachmont, KingsTown Saint Vincent and The Grenadines

  • +1-949-335-4314

  • support@optionbanque.com

  • Monday-Friday: 6.00 AM
    4.00 PM GMT

New Zealand Dollar Reverses Lower As Jobless Rate Jumps Sharply

    • Home
    • Trade Ideas
    • New Zealand Dollar Reverses Lower As Jobless Rate Jumps Sharply
Feb, 01st 04:25
nzdusd rates

New Zealand dollar fell for the first time in three days against its American counterpart on Wednesday, after data on the country’s labor market showed the jobless rate rose unexpectedly last quarter.

According to the Statistics New Zealand, unemployment rate advanced to 5.2% in the three-month period to December from 4.9% in the previous quarter. The result contrasted with economists’ median estimate which expected a drop to 4.8%.

The increase in jobless rate was due to the fact that more people sought work than could find jobs. Participation rate jumped to record 70.5%, surpassing economists’ forecast of 70.2%. Meanwhile, employment increased 0.8% in the quarter, also topping consensus estimate of a 0.7% gain.

The U.S. dollar, however, stabilized after its worst month since March as investors awaited a Federal Reserve policy decision due later on the day.

Trade suggestion

Buy Digital Put Option from 0.72600 to 0.72200 valid until 20:00 GMT February 01, 2017

Start Trading Binary Options on Indices, Commodities And Hundreds of Other Markets With Option Banque Now!

Option Banque has proven A+ Rating and Reviews on forex forums