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Forex Flash: Ahead of NZ jobs, NZD risks tilted to the upside - BNZ

FXstreet.com (Barcelona) - If yesterday's action in the Kiwi arena was not enough, we’re bracing for more NZD fireworks today, notes Mike Jones, currency strategist at Bank of New Zealand.

Amongthe plethora of events to come, including Australian jobs or China's CPIs, Mike discusses the NZ labour data, first up at 10:45GMT, noting that "this could either: 1) remain weak, which would likely be mostly dismissed by local markets or 2) catch up to the general improvement in other labour indicators."

Mike thinks "the risks to the NZD look asymmetrically tilted to the upside." The analysts and BNZ team expects "a 0.3% rebound in employment and an unemployment rate of 6.7% (market 0.8% and 6.8%)" he added.

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