New Zealand simply launched its employment report for the September 2025 quarter, and whereas the numbers got here in considerably as anticipated, they painted a grim image of a labor market that is nonetheless struggling to seek out its footing.
For one factor, the unemployment price climbed to five.3%, which is its highest stage since December 2016. Not surprisingly, the New Zealand greenback tumbled instantly, falling over 1% towards the U.S. greenback, hitting its lowest stage since April.
Here is what occurred, why it issues for foreign exchange merchants, and what to look at within the coming weeks because the Reserve Financial institution of New Zealand (RBNZ) prepares its closing rate of interest choice of the yr.
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