Steady jobless rate masks deeper cracks in NZ economy

Steady jobless rate masks deeper cracks in NZ economy

New figures show a softening labour market, rising hardship for Māori and Pacific workers, and warning signs from the Reserve Bank.

NZD/USD Beliers below 0.5900, subdued is maintained after China's commercial data - World Stock Market

The NZD/USD maintains losses after the publication of the latest commercial data of China, which indicate a deceleration in external demand. China’s commercial surplus was reduced to 689.99 billion CNY in April, compared to 736.72 billion CNY in March. Initial applications for unemployment subsidy in the US fell to 228,000 for the week ending on May 3, slightly exceeding expectations. The NZD/USD continues its downward trajectory by third consec…