Bullish
AUD/NZD rises to 1.2065 after strong Australian jobs data.
The Australian Dollar strengthened against the New Zealand Dollar following the release of robust employment figures. This data bolstered expectations of further interest rate hikes by the Reserve Bank of Australia (RBA).
Key points
- Australian unemployment rate holds at 4.4% with 76.3K jobs added in June, exceeding forecasts.
- Market anticipates Reserve Bank of New Zealand (RBNZ) rate hike in September, potentially capping AUD/NZD gains.
Sources
AI-generated from public news sources. Not financial advice.
