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…
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.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
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Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…