New Zealand: Solid jobs and growth backdrop – ING

💡 DMK Insight

New Zealand’s labor market stability could signal a steady monetary policy, impacting the NZD and related assets. With SOL currently at $85.13, traders should watch how shifts in the NZD might influence crypto markets, particularly if risk sentiment changes. If the Reserve Bank of New Zealand maintains its stance, it could lead to a stronger NZD, which historically correlates with shifts in crypto investments. Keep an eye on the NZD/USD pair for potential volatility that could ripple into crypto, especially if SOL’s price reacts to broader market sentiment. Watch for any significant economic releases from New Zealand that could sway the Reserve Bank’s decisions, as these will be crucial for both forex and crypto traders alike.