The New Zealand dollar benefitted earlier from the better than expected jobs report:
- New Zealand Q2 unemployment rate 4.6% (vs. 4.7% expected)
- NZD/USD marked higher after the better than expected jobs report from New Zealand
The gain for the NZD has been consolidated.
AUD is still eyeing the ‘hawkish’ RBA
- The response to the RBA meeting yesterday is a 25bp rate cut priced for December 2024
with some more this morning:
- RBA Assistant Governor (Economic) Hunter says economy running a little hotter than thought
NZD/USD is tracking around 0.5998 while AUD/USD is higher also:
This article was written by Eamonn Sheridan at www.forexlive.com.
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