New Zealand Q3 unemployment rate 3.9% (vs. 3.9% expected)

<p>NZD/USD is down a few tics after the data, not a lot of change.</p><p>The wages data is not indicative of a wage-price spiral in New Zealand, as such it'll not trouble the RBNZ too much. At the margin the data trims the chance of an RBNZ rate hike. The Bank has given no indication its in a hiking mood though, on hold for now. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.