Kiwi stays below 0.6400 after New Zealand Jobless Rate ticks higher to 4.2% in Q3

• New Zealand jobs data comes in mixed and the Kiwi keeps the range.
• Unemployment rate misses expectations, higher by 4.2% vs 4.1% expected.  

According to the latest data released by Statistics New Zealand, New Zealand’s (NZ) Unemployment Rate arrived at 4.2% in Q3 vs. 4.1% expectations and 3.9% last. Meanwhile, the Employment Change came in at 0.2% vs. 0.3% expected and 0.8% previous.

Additionally, Labor Cost Index (YoY) matched 2.3% consensus while Participation Rate surpassed 70.3% expectations, coming in at 70.4%.