New Zealand employment report, Unemployment rate 5.1% vs. 5.3% expected ...Middle East

Unemployment Rate 5.1%

expected 5.3%, prior 5.1%

expected +0.1%, prior –0.1%

Employment Change -0.7% y/y

expected –0.5%, prior –1.1%

expected 71.0%, prior 71.0%

Private Wages excluding overtime +0.4% q/q

expected +0.5%, prior +0.6%

expected +0.5%, prior +0.6%

Average Hourly Earnings +0.2% q/q

prior +1.3%

RBNZ says risks to the financial system have increased over the past six months

All the local info from NZ is being swampe by the bigger news, of course:

"Sources" say US' Bessent and Greer to meet with China rep on Economic Matters this weekAustralian dollar higher on talk of Bessent/Greer/ China Vice Premier He Lifeng meetingChina confirms Vice Premier He Lifeng to talk trade with Bessent this weekChina' s Ministry of Commerce says is has "decided to agree to engage with the US" This article was written by Eamonn Sheridan at www.forexlive.com.

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