Forex News: NZD/USD Steady at Improved Average Hourly Earnings

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.8572+0.0005

The Takeaway: NZD Average Hourly Earnings (Dec Quarter) > +0.5% versus +0.4% expected, from +1.4% > Average Annual Rates Grew +1.8% > NZDUSD Neutral

Labor Cost Index (LCI) salary and wage rates, including overtime, increased +1.8% in the year to the December 2012 quarter, according to Statistics New Zealand. This includes a +0.5% rise in the December 2012 quarter. Salary and ordinary time wage rates increased in the private sector +1.9%, while the public sector salary and ordinary time wage rates rose +1.5%. The mean increase for all surveyed wage rates that rose in the December quarter was +3.0%, compared to +3.1% in the September quarter.

The Quarterly Employment Survey also showed that demand for labor and paid hours rose. The number of filled jobs increased +0.4% from the previous quarter. Full-time jobs rose by +0.7%, while part-time jobs fell 0.6%. The overall result of these movements was a +0.4% rise in full-time equivalent jobs.

NZDUSD 1-Minute Chart: February 4, 2013

NZD_Average_Hourly_Earnings_body_Picture_1.png, Forex News: NZD/USD Steady at Improved Average Hourly Earnings

Chart from FXCM Trading Station, created by Courtney Edwards

The NZDUSD remained steady at the improved average hourly earnings in New Zealand. The pair opened at 0.8440 this morning, and was at 0.8430 at the time of the release.

--- Written by Courtney Edwards, DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2574-0.0007-0.06%
    USDSGD=X
    1.7391-0.001-0.06%
    EURSGD=X
    2.1133-0.0005-0.02%
    GBPSGD=X
    81.3895+0.0975+0.12%
    SGDJPY=X
    6.1662+0.0035+0.06%
    SGDHKD=X
    2.6013+0.0029+0.11%
    SGDMYR=X
    9,205.0107-51.0156-0.55%
    SGDIDR=X
    4.9767+0.0097+0.20%
    SGDCNY=X
    1.1661+0.0009+0.07%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,292.00+1.40+0.11%
    GCM14.CMX
    19.55-0.14-0.73%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.120.00+0.02%
    HGK14.CMX
    101.98+0.04+0.04%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.22+0.010+0.45%
    JS8.SI
    1.185+0.035+3.04%
    U6C.SI
    0.122-0.001-0.81%
    B22.SI
    1.34-0.015-1.11%
    G13.SI
    0.605-0.010-1.63%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    1.315+0.084+6.82%
    O9A.SI
    0.16+0.008+5.26%
    5HH.SI
    0.193+0.009+4.89%
    KF4.SI
    0.13+0.005+4.00%
    I9T.SI
    0.23+0.010+4.55%
    D6U.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.10-0.010-9.09%
    CL7.SI
    0.151-0.009-5.63%
    A03.SI
    0.30-0.015-4.76%
    K29.SI
    0.20-0.010-4.76%
    5CH.SI
    0.205-0.010-4.65%
    510.SI