With the US payrolls in focus in the session ahead and some increased interest from clients to assess the risk and reward trade-off – here are some views that may be of interest. US non-farm payrolls (23:30 AEDT / 13:30 BST) – consensus expectations: 490,000 jobs created 3.7% unemployment rate 5.5% average hourly earnings ISM […]
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AUD/NZD plunged in the Asian session, driven by contrasting developments in Australia and New Zealand. However, it is too early to declare a bearish trend reversal for the cross, with near-term sideways consolidation likely. In Read more…
RBNZ delivered a widely expected 50bps cut to its Official Cash Rate, bringing it down to 4.25%. The central bank maintained easing bias, stating that if economic conditions align with projections, “the Committee expects to Read more…
Media release The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 4.25 percent. Annual consumer price inflation has declined and is now close to the midpoint of Read more…