NZD holds firm despite mixed jobs data – BBH

By: bitcoin ethereum news|2025/05/07 20:15:02
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NZD/USD is consolidating recent gains around 0.6000. New Zealand’s Q1 labor market data was mixed and still argues for additional RBNZ easing, BBH FX analysts report. RBNZ hints at more rate cuts “The unemployment rate was unexpectedly unchanged at 5.1% in Q1. Consensus was for a 0.2pts rise to 5.3% while the RBNZ had 5.2% penciled-in. However, other data point to weaker demand for labor. The underutilisation rate rose 0.1pts to 12.3% (the highest since Q3 2020) and the participation rate fell 0.1pts to 70.8% (the lowest since Q2 2021). Moreover, wage growth cooled more than expected. Private wages increased 0.4% q/q (consensus: 0.5%, RBNZ forecast: 0.6%) vs. 0.6% in Q4 and slowed at an annual pace of 2.6% (lowest since Q3 2021) vs 3% in Q4.” “At its April 8 meeting, the RBNZ cut the Official Cash Rate (OCR) by 25bps to 3.50% and noted it ‘has scope to lower the OCR further as appropriate’. The RBNZ warned that “the recently announced increases in global trade barriers weaken the outlook for global economic activity. On balance, these developments create downside risks to the outlook for economic activity and inflation in New Zealand.” The swaps market price-in 75bps of rate cuts in the next six months and the OCR to bottom around 2.75%. The risk is the RBNZ slashes the OCR towards the lower end of its 2% to 4% neutral range estimate.” “RBNZ published its six-monthly Financial Stability Report and warned that financial stability risks increased due to the trade war. Encouragingly, the RBNZ also noted that banks were in a strong financial position to manage potential loan defaults.” Source: https://www.fxstreet.com/news/nzd-holds-firm-despite-mixed-jobs-data-bbh-202505071011

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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