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New Zealand Dollar: Labor market soft, RBNZ hike eyed – TD Securities

TD Securities’ Australia/NZ macro team sees New Zealand Employment growth at 0.1% q/q in Q2, insufficient to match population gains. They expect the Unemployment Rate to rise to 5.4%, returning to its recent cycle high and aligning with the RBNZ’s May forecast.

New Zealand Dollar: Labor market soft, RBNZ hike eyed – TD Securities

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