Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.
The typical/expected impact on NZD pairs is medium.
There is no forecast value for Labour Cost Index (QoQ) yet - check back for updates.
(A summary of the historic trading range after each event is not available for Labour Cost Index (QoQ). Please check the candle charts instead.)
The trading range of was pips following the most recent Labour Cost Index (QoQ).
The most recent announced value for Labour Cost Index (QoQ) was 1.1% against a forecast of 1.2%.
Recent economic data has been moderately bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Labour Cost Index (QoQ) result:
|Trade Balance NZD (YoY)||Bullish change||$-15.88B||$-15.54B|
|Westpac Consumer Survey||Bearish change||83.1||80.2|
|Gross Domestic Product (QoQ)||Bullish change||0%||0.9%|
|Gross Domestic Product (YoY)||Bearish change||2.2%||1.8%|
|Business NZ PSI||Bearish change||48||47.1|
|Business NZ PMI||Bearish change||46.6||46.1|
|Australia||Unemployment Rate s.a.|
|Australia||Employment Change s.a.|
|Canada||Net Change in Employment|
|New Zealand||Unemployment Rate|
|New Zealand||Employment Change|
|United Kingdom||Employment Change|
|United Kingdom||ILO Unemployment Rate (3M)|
|United Kingdom||Claimant Count Change|
|United States||Nonfarm Payrolls|
|United States||ADP Employment Change|
|Australia||Wage Price Index (QoQ)|
|Canada||Average Hourly Wages (YoY)|
|Switzerland||Unemployment Rate s.a (MoM)|
|Germany||Unemployment Rate s.a.|
|Japan||Jobs / Applicants Ratio|
|New Zealand||Participation Rate|
|United Kingdom||Claimant Count Rate|
|United Kingdom||Average Earnings Including Bonus (3Mo/Yr)|
|United Kingdom||Average Earnings Excluding Bonus (3Mo/Yr)|
|United States||ISM Manufacturing Employment Index|
|United States||Unit Labor Costs|
|United States||Personal Income (MoM)|
|United States||ISM Services Employment Index|
|United States||Unemployment Rate|
|United States||Nonfarm Productivity|
|United States||Initial Jobless Claims|
|United States||Labor Force Participation Rate|
|United States||U6 Underemployment Rate|
|United States||Initial Jobless Claims 4-week average|
|United States||Average Hourly Earnings (MoM)|
|United States||Average Hourly Earnings (YoY)|
The value of Labour Cost Index (QoQ) has been announced.