Will New Zealand's employment data disappoint market expectations and confirm the RBNZ's dovish bias? Our Event Guide for New Zealand's Q1 2025 Jobs Report suggests mixed labor market indicators, with BusinessNZ economic conditions showing labor market indicators down from -4 to -5, while manufacturing PMI employment levels reached their highest since July 2021. Here's what I'm watching on GBPNZD and NZDCHF if we see weaker-than-expected employment figures: