AUD/NZD pokes yearly bottom near 1.05000 on upbeat NZ Q2 job

AUD/NZD pokes yearly bottom near 1.05000 on upbeat NZ Q2 job numbers


8/3/2021 11:13:25 PM GMT
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By Anil Panchal
AUD/NZD sellers renew 2021 low during second day of losses on strong NZ employment data.
NZ Unemployment Rate dropped to 4.0%, Employment Change rose 1.0% in Q2.
Mixed market sentiment tests traders, data from Australia, China eyed for fresh impulse.
AUD/NZD remains on the back foot, taking offers around 1.0500 amid Wednesday’s initial Asian session. Although the Reserve Bank of Australia’s (RBA) hawkish tilt tried to save the bears the previous day, New Zealand’s (NZ) strong employment figures for the second quarter (Q2) weighed on the quote of late.
NZ Employment Change crossed 0.7% market consensus and 0.6% prior to 1.0% whereas the Unemployment Rate dropped to 4.0% versus 4.5% forecast and 4.7% previous readouts.

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