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AUD, NZD review: Western Union

The Aussie and kiwi stabilized thanks to an Australian jobs report that just eclipsed expectations and a central bank decision from New Zealand that struck some as less dovish. Australia added 15,600 jobs in February, ex…

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  • The Aussie and kiwi stabilized thanks to an Australian jobs report that just eclipsed expectations and a central bank decision from New Zealand that struck some as less dovish. 

  • Australia added 15,600 jobs in February, exceeding forecasts of 15,000. Unemployment fell by a notch to 6.3%, as expected. 

  • The RBNZ kept its key rate unchanged at 3.50%, which is tops among developed nations. Its statement struck a largely neutral tone though it did signal low rates for longer. The bank also voiced fresh worry about what it considers a still high value for the kiwi. The RBNZ next meets on April 30.

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