NZD: will it see an upsurge?

NZD: will it see an upsurge?


New Zealand’s quarterly employment change and unemployment rate indicators are coming today, at 23:45 MT time. Same as NFP for the US, they are central in reflecting the pace of economic expansion in the country. That’s why these releases affect the NZD, which may be traded with NZD/USD, NZD/JPY, NZD/CHF, and NZD/CAD.


Higher employment and lower unemployment rates indicate more workplaces created in the industry and more people successfully obtaining them. Generally, it results from more demand for work within the industry, which in turn comes from a brighter outlook and more expansive plans on behalf of the businessmen and investors. These are affected by macroeconomic factors and reflect the economic status of the country as a whole.


Business owners adjust their plans according to the predicted customer demand and other economic factors, internal to the country. These are the people who have first-hand information about how things are going in the industry. Hence, the change in their plans is the first thing to react to favorable or unfavorable internal economic environment.


Better-than-expected job data reflects the better-than-thought business outlook on behalf of the business owners. That, in turn, creates more-than-expected demand for the corresponding currency in expectation of stronger business performance in the future. Then, the market works on it as a self-propelling mechanism, unless and until negative factual performance or pessimistic outlooks are reported later on. Therefore, strong jobs data pushes the currency up, and the weak one drags it down.


The last data was provided with reference to the Q3 of 2019 in the labor market. The employment rate was at 4.2%, coming a bit higher than the forecast of 4.1%. The employment change was at 0.2%, undershooting the expected 0.3%. Coming as weaker than thought, this jobs data dragged the NZD down a bit, but the overall reaction of the currency was limited and did not see any major trend change.


This time, the forecast is 4.2% for the unemployment rate and 0.2% for the employment change. If the indicator is better than this, the NZD should get stronger against its counterparts. Otherwise, it will drop. The extent of the reaction will be defined by how far away the factual levels will be from those expected by the market.                                                                                    LOG IN


News for The Week
News for The Week

US stock markets started falling, while the US dollar is rising. What to expect from

Latest news

NFP, Oil, and US Stocks Highlight This Week
NFP, Oil, and US Stocks Highlight This Week

Welcome to the first week of October!  As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events. 

The US Dollar Is Correcting
The US Dollar Is Correcting

Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?

Bearish Signal For The USD
Bearish Signal For The USD

XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera