AUD/NZD loses the 1.08 level on NZ unemployment beat

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AUD/NZD has lost its footing in a surge in the kiwi following a strong beat in the unemployment number which smashed expectations. 

At the time of writing, AUD/NZD is down over 0.17% as the  4.0% vs an expected 5.6% and prior 4.2% unemployment number is digested by the market. 

More on this here:

  • New Zealand Q2 s/adj jobs growth -0.4 pct QoQ (Reuters poll -2.0 pct)

AUD/NZD levels

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