New Zealand unemployment dips to 5.3% in Q1 2026; employment growth slows, participation eases, NZD rises.
USD/JPY climbed to 157.91 as dollar steadied; Japan’s yen support looms amid mixed US data.
Yuan hits multi-year quarterly highs as energy flows and firmer data support a stronger, managed currency.
New Zealand’s labour force participation rate hit 70.4% in Q1, slightly below the 70.5% market forecast.
New Zealand’s first-quarter employment rose 0.2%, missing the 0.3% market forecast by 0.1 percentage points.
New Zealand’s first-quarter unemployment rate fell to 5.3%, slightly below forecasts of 5.4%.
New Zealand’s Labour Cost Index rose 2% year-on-year in Q1, matching market forecasts, signalling steady wage pressures.
New Zealand’s Labour Cost Index rose 0.5% in Q1, beating forecasts and signalling faster wage growth.
GBP/USD held near 1.3545; direction hinges on US dollar, risk sentiment, oil, and Friday NFP.
Philippine inflation hit 37-month high; UOB lifts 2026 forecast to 7.5%, expects BSP hikes, warns 10%.
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