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AUD/USD and NZD/USD Fundamental Weekly Forecast – RBNZ to Stress Need for Ongoing Monetary Support

Add to Bookmarks The Australian and New Zealand Dollars finished higher last week and in a position to challenge multi-year highs reached in January. The rallies were fueled by a weaker U.S. Dollar and increased demand for higher risk assets. Investors also responded to rising government bond yields that signaled their respective economies were heating up. This raises the possibility of an earlier than expected tightening from the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ). This issue may be addressed by the RBNZ on Wednesday. Advertisement Start Trading 75% of retail CFD investors lose money

Australia s central bank on hunt for much tighter labour markets, faster wage growth

By Reuters Staff 3 Min Read SYDNEY, Feb 16 (Reuters) - Australia’s central bank believes it will take a significant and sustained tightening in the labour market to lift inflation to more comfortable levels, a tough task that could take years to achieve. FILE PHOTO: Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz/File Photo Minutes of the Reserve Bank of Australia’s (RBA) February policy meeting released on Tuesday showed the Board recognised that wage growth had been too subdued for years before the pandemic imposed its own restraints on pay.

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