NZD/USD Slides Below 0.5900 After New Zealand Jobless Rate Hits 11-Year High
New Zealand’s unemployment rate rose to 5.6% in Q2, exceeding forecasts and reducing RBNZ rate hike expectations. The NZD/USD pair fell to 0.5870 in early European trading as New Zealand’s unemployment rate climbed to 5.6% in Q2, the highest since 2015. The figure surpasse