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.
