I posted the NZ data earlier:
New Zealand Q2 Unemployment rate 5.2% (vs. expected 5.3%)Recapping data earlier – New Zealand labour market data reinforces rate cut expectations
The kiwi has moved higher after the data, and after a brief and small pullback its retesting its earlier highs. AUD has been dragged higher alongside.
Westpac NZ see an RBNZ cut on August 20:
25bp rate cut highly likelyleaving the door
open for further easing if neededno strong signal
about the extent or timing of any future rate cuts
This article was written by Eamonn Sheridan at investinglive.com.