New Zealand dollar jumps as unemployment rate drops
The New Zealand dollar is the best-performing major currency in Asia today in the wake of strong labour market data. The country’s unemployment rate fell to 4.9 per cent in the three months ended March 31 from 5.2 per cent in the December quarter, according to Statistics New Zealand. This was a better result than the 5.1 per cent economists had pencilled in. It was the equal-lowest […]