Bids for AUD and NZD

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: