US Dollar is Recovering Awaiting Employment Data

Market Reviews

The US dollar is recovering against most of the major currencies, with the exception of the euro, in anticipation of data on US employment. The New Zealand dollar fell against the backdrop of a weakening employment rate in the country in the second quarter.

Strong profits from Japanese companies raised the Nikkei index above the 20.000 mark. Markets will follow the German DAX index, which recovered by 1.1% yesterday. The DOW index reached a new record level of 21963.92.

Employment in New Zealand decreased by 0.2% compared to the previous quarter in the second quarter. The unemployment rate fell to 4.8%. Private sector labor cost increased by 0.4% quarter-on-quarter.