NZ's jobs data improved and supportive ahead of RBNZ - UOB

Analysts at UOB Group noted the positive data out of New Zealand.

Key Quotes:

"New Zealand’s unemployment rate improved to 4.5% in 4Q17, below the estimate of 4.6% for the lowest level since December 2008."

"Jobs growth also rose by +0.5%, beating expectation for a rise of +0.2%."

"The Reserve Bank of New Zealand (RBNZ) is expected to keep interest rates unchanged at 1.75%, followed by a press conference by Governor Spencer an hour later."