fxstreet.com 02 Feb, 2021 22:45 am

Bulls attack 0.7200 on strong New Zealand Q4 employment data

Bulls attack 0.7200 on strong New Zealand Q4 employment data
NZD/USD bulls are unstoppable while eyeing the 0.7200 following New Zealand’s (NZ) jobs report for the fourth quarter (Q4), published during the initi

New Zealand Unemployment Rate, Employment Change both came in better than downbeat forecasts and prior.7200 following New Zealand’s (NZ) jobs report for the fourth quarter (Q4), published during the initial Asian session on Wednesday.Late on Tuesday, New Zealand’s GDT Price Index details were also supportive to the bulls.As per the latest updates, New Zealand’s Q4 Unemployment Rate dropped below the downbeat 5.

9%, NZD/USD jumps 30 pips On Tuesday, New Zealand’s GDT Price Index eased below 4.Given the upbeat NZ releases, the Reserve Bank of New Zealand (RBNZ) can well keep its bullish bias, cheering the strong fight Jacinda Ardern gave to the coronavirus (COVID-19), which in turn suggests the NZD/USD has brighter spots to cheer.

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