N.Z. unemployment rate falls more-than-expected

Investing.com - The rate of unemployment in New Zealand fell more-than-expected in the last quarter, official data showed on Tuesday.

In a report, Statistics New Zealand said that N.Z. unemployment rate fell to a seasonally adjusted 6.2%, from 6.4% in the preceding quarter.

Analysts had expected N.Z. unemployment rate to fall to 6.3% in the last quarter.

Following the release of the data, the New Zealand dollar added to gains against the U.S. Dollar, with NZD/USD soaring 0.97% to trade at 0.8360.

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