NZ Dollar Appreciates Amid Strong Jobs Data, Stimulus Optimism
CANBERA (dpa-AFX) - The NZ dollar climbed against its major counterparts in the Asian session on Wednesday, as strong domestic jobs data diminished hopes of a rate reduction by the Reserve Bank of New Zealand.
Data from Statistics New Zealand showed that New Zealand jobless rate fell to 4.9 percent in the fourth quarter of 2020.
That was beneath expectations for 5.6 percent and down from 5.3 percent in the three months prior.
The employment change showed a 0.6 percent increase, exceeding forecasts for a flat reading following the 0.8 percent decline in the previous three months.
“Because, at the minute, to maintain a healthy weight or to find those green spaces it sometimes requires a quite conscious effort at the individual level if we don’t live in an environment that supports those behaviours.” The study used data from three New Zealand Health Surveys on whether respondents had been diagnosed with depression, anxiety or bipolar disorder, and if they had experienced psychological distress in the previous four weeks. Researchers then ranked the neighbourhoods of respondents according to their relative healthiness. A Healthy Living Index rated each mesh block – the smallest geographical unit for which data is collected by Statistics New Zealand – according to their health constraining and promoting features.
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New Zealand Q4 Unemployment Rate dropped below expectations of 5.6% to 4.9%, NZD/USD jumps 30 pipsNEWS |
2/2/2021 9:50:12 PM GMT | By Anil Panchal
As per the fourth quarter (Q4) employment report from the Statistics New Zealand (NZ), the headline Unemployment Rate dropped below 5.6% forecast and 5.3% prior to 4.9% .
Further details suggest the Employment Change rose past-0.0% expected figures and -0.8% previous readings to +0.6%. Additionally, the Labour Cost Index marched 0.5% market consensus versus 0.4% prior on QoQ.
FX implications.
Upbeat data helps RBNZ to stay bullish as New Zealand given a strongest fight to the coronavirus (COVID-19). As a result, NZD/USD jumped from 0.7167 to 0.7196 following the news.
Wednesday, 3 February 2021, 10:41 am
· Research shows nearly six in ten (57%) Kiwi small
business owners say it’s getting harder to access funding
for their business from banks and other traditional
lenders
· Of those that have tried to access funding,
more than half (55%) of small business owners have missed
out on opportunities to grow their business because they
couldn’t access funding when they needed it
· 69%
of small business owners have used their personal or family
finances for business purposes
· More than half (53%)
of small business owners feel more connected to their
community and customers now, than they did before
COVID-19
Accessing funding from banks and traditional
Christchurch City Council
Christchurch City Council is proposing to put a cycleway down Harewood Rd. The Wheels to Wings cycleway will include reducing Harewood Rd from four lanes to two and putting in eight new car parks.
OPINION: The Climate Change Commission’s draft advice on decarbonising the economy and blitzing our reliance on cars and cows will undoubtedly embolden the pressure groups demanding radical change. The urban cycling lobby and public transport advocates will be stamping their feet for even bigger shares of the funding pie to breathe life into their vision of mode-shift utopia. The Commission maintains that commuting by public transport and cycling will need to double within 11 years. Is this genuinely realistic or a flight of fancy?