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11 Jun 2014
AUD/NZD slightly above 1.0950 ahead of RBNZ and jobs report in Australia
FXStreet (Córdoba) - The AUD/NZD fell for the second day in a row on Wednesday and found support above 1.0950 ahead of the RBNZ decision and also before the release of employment data from Australia.
Last week, after GDP data from Australia the pair climbed to 1.1030, reaching the strongest level in almost 6 months. Afterwards pulled back, finding support at 1.0930. At the beginning of the week traded above 1.1000 but failed to hold.
AUD/NZD eyes RBNZ
The central bank of New Zealand, in minutes, is expected to raise rates by 25 basis points. The decision and the statement are likely to move the Kiwi across the board. Then, at 01:30 GMT, the Australian employment report will be published.
The AUD/NZD has remained steady in the last hours, hovering around 1.0965/70, waiting for the decision and key economic numbers.
Last week, after GDP data from Australia the pair climbed to 1.1030, reaching the strongest level in almost 6 months. Afterwards pulled back, finding support at 1.0930. At the beginning of the week traded above 1.1000 but failed to hold.
AUD/NZD eyes RBNZ
The central bank of New Zealand, in minutes, is expected to raise rates by 25 basis points. The decision and the statement are likely to move the Kiwi across the board. Then, at 01:30 GMT, the Australian employment report will be published.
The AUD/NZD has remained steady in the last hours, hovering around 1.0965/70, waiting for the decision and key economic numbers.