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Deputy Chairman of the Federal reserve in banking supervision Randall Quarless said Wednesday that he is concerned about the negative impact of developments abroad. "Global risks are probably the most significant," said Quarless, specifying, in particular, the slowdown of China's GDP. Chinese import takes the lion's share of new Zealand exports.
the Slowdown in global and Chinese economies adversely affect the prices of commodities, and commodity currencies, including the kiwi.
on Thursday, the NZD decreases after the publication on the eve of weaker than expected data from the labor market of New Zealand. As reported by the Bureau of statistics New Zealand, in the 4th quarter of 2018 unemployment in the country increased (4.3% versus 4.0% in the 3rd quarter and 4.1%, as expected according to the forecast).
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