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Setting in motion last week’s plunge in the New Zealand and Australian Dollars was a move by New Zealand’s government aimed at property speculators.
The Non-Farm Employment Change is expected to show the economy gained 191K jobs in July, down from 213K in June. The Unemployment Rate is expected to drop to 3.9% from 4.0% and Average Hourly ...
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The Australian dollar (sign: $; code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies; [2] [3] and also referred to as the dollar or Aussie dollar) is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu.
Aussie traders are busy positioning themselves ahead of Wednesday’s release of a report on consumer inflation. An extremely weak report could force the RBA to cut rates at its August 6 meeting.
As of February 2023, NZX had a total of 338 listed securities, equity, debt and funds with a combined market capitalisation of NZD $226 billion. [30] New Zealand's currency, the New Zealand dollar, also circulates in four Pacific Island territories. The New Zealand dollar is the 10th-most traded currency in the world. [31]
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
The Australian and New Zealand currencies could become rangebound since there are still plenty of Brexit hurdles left, and Johnson’s ability to deliver on a “do or die” pledge to get Britain ...