The New Zealand dollar fell a little after the release of mixed employment data today and the drop of prices for dairy products.
The number of employed New Zealanders increased by 1.2% in the March quarter from the previous three months, two times the increase forecast by analysts. At the same time, the unemployment rate climbed from 5.4% to 5.7%, exceeding expectations. Yesterday, GlobalDairyTrade reported that the GDT Price index dropped 1.4% from the previous reporting period two weeks ago.
NZD/USD slipped from 0.6913 to 0.6902 as of 12:14 GMT today. NZD/JPY fell from 73.66 to 73.56 after climbing to 74.30 earlier.
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