By Krishna K — Jan 31 - 09:55 PM
NZD/USD down 0.3% as traders ponder on signs of softening in labour market
New Zealand Q4 jobless rate edges up to 3.4%, above forecasts of 3.3%
Data raises expectations that RBNZ will be less aggressive on rate hikes
Follows last week's data showing inflation undershooting RBNZ forecasts
ASB Bank, BNZ now expect RBNZ to hike rates by 50 bps in Feb rather than 75
Fed rate decision Wed, bets on a far less hawkish Fed risk disappointment
Support 0.6400-10, 0.6360-65, resistance 0.6480, 0.6530
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Source:
Refinitiv IFR Research/Market Commentary