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In the Asian session, the Australian, New Zealand and Chinese currencies all showed slight movement. With a lack of fundamental events, any further activity on Tuesday would be due to technical moves.
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 ...
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.
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The Australian dollar was floated in December 1983, as subsequently also was the New Zealand dollar in March 1985. Contemporary dollarisation by either country to the currency of the other or the more involved currency union entailing amalgamation of the central banks and economic regulatory systems of both countries have been proposed and ...
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]
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.
The Australia and New Zealand Banking Group Limited, commonly known as ANZ Bank, is a multinational banking and financial services company headquartered in Melbourne, Victoria, Australia.