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03.11.2021 06:20

RBNZ’s Orr: The labor market data is extremely volatile at the moment

Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr gave his opinion on the recently released strong Q3 NZ jobs report while speaking on the bi-annual Financial Stability Review (FSR).

“The labor market data is extremely volatile at the moment,” said the RBNZ Boss..

RBNZ's Orr also said, per Reuters, "GDP figures becoming increasingly difficult to understand given COVID-19 volatility."

Adding to that were the comments from the RBNZ Deputy Governor Geoff Bascand suggesting if risks are low, debt-to-income limitations may not be necessary.

FX reaction

NZD/USD remains inactive despite the strong data and comments from RBNZ officials as the pre-Fed trading lull dominates the market sentiment.

Read: NZD/USD stays around 0.7100 despite strong New Zealand Q3 Employment data

03.11.2021 08:15

Currencies. Daily history for Tuesday, November 2, 2021

03.11.2021 05:45

New Zealand: Unemployment Rate, Quarter III 3.4% (forecast 3.9%)


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
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Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
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Sydney 21:00 06:00 00:00 09:00 00:00 09:00
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Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
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Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
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European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
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London 07:00 16:00 10:00 19:00 10:00 19:00
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American New York 12:00 21:00 15:00 00:00 15:00 00:00
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