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NZ Dollar Soars As Falling Jobless Rate Bolsters Rate Hike Bets CANBERA (dpa-AFX) - The NZ dollar appreciated against its major counterparts in the Asian session on Wednesday, as the nation s jobless rate fell more than forecast in the second quarter, intensifying expectations for a rate hike by the Reserve Bank of New Zealand this month. Data from Statistics New Zealand showed that the unemployment rate came in at a seasonally adjusted 4.0 percent in the second quarter. That beat expectations for a rate of 4.5 percent and was down from 4.7 percent in the previous three months. Employment was up 1.0 percent on quarter in Q2, surpassing expectations for an increase of 0.7 percent and accelerating from 0.6 percent in the three months prior.

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