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NZ Q4 2016 jobs review: Upstaged by supply - ANZ

Economists at ANZ provide their afterthoughts on the release of New Zealand’s labour market report for the fourth quarter 2016.

Key Quotes:

“The big news in today’s figures is the surprisingly lift in the unemployment rate by 0.3%pts to 5.2%. Together with a 0.6%pt increase in the underutilization rate to 12.8% (not seasonally adjusted) the figures are clearly at odds with business surveys and anecdote that suggest that the labour market has continued to tighten.”

USD/CAD rebounds in Asia, 1.3100 – a whisker away

The Asian recovery in USD/CAD appears to have gained traction as we head towards early Europe, mainly driven by a pick-up in buying interest seen arou
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Japan’s Hamada: Trump's border tax agenda contradicts his criticism of 'weak yen'

Koichi Hamada, adviser to Japanese Prime Minister Abe, is now on the wires, via Reuters, expressing his take on Trump’s policies on border-tax and cur
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