5 Feb 2014
AUD/NZD retreats further after NZ jobs report
FXStreet (Córdoba) - The AUD/NZD hit a fresh low at 1.0818, after the release of upbeat jobs data in New Zealand, extending the retracement that started on European hours from levels on top of 1.0900.
According to ">the report, the unemployment rate stood at 6.0% during the fourth quarter and the employment rose 1.1% surpassing expectations of an increase of 0.6%. The Kiwi jumped across the board after the report.
AUD/NZD erases RBA gains
Yesterday after the decision of the Australian central bank to keep rates unchanged, signaling that no rate cut was likely in the near future, the AUD/NZD jumped to 1.0945. Afterwards lost momentum and started to retreated.
Recently after the employment report from New Zealand the AUD/NZD retreated further and currently trades at 1.0825, at the same price it had before RBA’s decision.
According to ">the report, the unemployment rate stood at 6.0% during the fourth quarter and the employment rose 1.1% surpassing expectations of an increase of 0.6%. The Kiwi jumped across the board after the report.
AUD/NZD erases RBA gains
Yesterday after the decision of the Australian central bank to keep rates unchanged, signaling that no rate cut was likely in the near future, the AUD/NZD jumped to 1.0945. Afterwards lost momentum and started to retreated.
Recently after the employment report from New Zealand the AUD/NZD retreated further and currently trades at 1.0825, at the same price it had before RBA’s decision.