It is going to be an interesting day for the kiwi and Aussie dollar. Both countries are releasing their employment data.
New Zealand will be first and release their numbers for the fourth quarter. Analysts are expecting the country’s unemployment rate to drop slightly to 7.1% from a previous reading of 7.3%. At the same time the quarter-over-quarter employment change is expected to increase 0.4%, a reversal from the previous quarter’s decline of 0.4%.
The data is expected to be released at 21:45 (GMT), 10:45 local time.
Australian Employment will be coming out a few hours later at 22:30 (GMT) 09:30 local time.
Analysts are expecting the Australian economy to have added 5,800 new jobs in January, which is up from December’s decline of 5,500. At the same time the unemployment rate is expected to inch higher to 5.5% from the previous reading of 5.4%.
