纽币/新加坡元 (NZDSGD) 加自选

新西兰2025年第二季度就业人数下降，但工资稳步增长，新西兰元上涨。新西兰的失业率在2025年6月季度攀升至5.2%，高于上一季度的5.1%，因为劳动力市场在更广泛的经济逆风中继续显示出逐渐降温的迹象。

Kiwi Higher Thanks To Solid Wage Growth Despite Dip in NZ Q2 2025 Employment.New Zealand's unemployment rate climbed to 5.2% in the June 2025 quarter, up from 5.1% in the previous quarter, as the labor market continues to show signs of gradual cooling amid broader economic headwinds.

新西兰失业率升至5.2%，新西兰储备银行8月降息。新西兰第二季度劳动力市场报告证实继续疲软，就业率环比下降0.1%，失业率微升至5.2%。这标志着自2020年以来的最高失业率，尽管仍略低于5.3%的普遍水平。

NZ unemployment rate rises to 5.2%, RBNZ August cut in play.New Zealand's Q2 labour market report confirmed continued softening, with employment falling -0.1% qoq and unemployment edging up to 5.2%. That marks the highest jobless rate since 2020, though still slightly below consensus of 5.3%.

新西兰元周三升至0.591美元，结束了连续两天的下跌，因为美元在美联储降息前景更高的情况下继续挣扎。对美国经济日益增长的担忧，尤其是劳动力市场降温的迹象，加大了人们对9月降息的押注。然而，新西兰元的涨幅可能会受到国内经济数据疲软的限制。新西兰第二季度的失业率从第一季度的5.1%升至近五年来的最高点5.2%，尽管略好于预期的5.3%。数据显示，劳动力市场仍然疲软，这增强了人们对新西兰储备银行可能在8月下次会议上降息的预期。市场目前预计降息5个基点的可能性为90%，今年晚些时候或明年初有可能进一步放宽至2.75%的下限。更令人担忧的是，特朗普政府自8月7日起对新西兰出口征收15%的关税，这可能会对该国的出口导向型经济造成压力。

The New Zealand dollar rose to $0.591 on Wednesday, ending a two-day decline, as the US dollar continued to struggle amid higher prospects of interest rate cuts by the Federal Reserve. Mounting concerns about the US economy—particularly signs of a cooling labor market—have bolstered bets on a September rate cut. However, the kiwi's gains may be capped by weak domestic economic data. New Zealand’s unemployment rate ticked up to a near five-year high of 5.2% in Q2, from 5.1% in Q1, though it was slightly better than the expected 5.3%. The data indicated that the labor market remains soft, reinforcing expectations that the Reserve Bank of New Zealand may cut rates at its next meeting in August. Markets now price in a 90% chance 5bps cut, with the potential for further easing to a floor of 2.75% later this year or early next. Adding to concerns, the Trump administration imposed 15% tariffs on New Zealand exports, effective August 7, which could weigh on the country’s export-driven economy.

第一印象：新西兰劳动力市场统计数据，2025年6月季度。6月季度失业率上升至5.2%。这比我们预期的要小，但符合新西兰储备银行的想法。

First Impressions: NZ labour market statistics, June quarter 2025.The unemployment rate rose to 5.2% in the June quarter. This was a smaller increase than we expected, but was in line with the RBNZ's thinking.