NZ GDP, Aussie employment both punch the lights out, but currencies fall
b'Friday 18th June 2021The US dollar continued to rise yesterday, after the hawkish comments from the Fed. As David de Grais discusses on today\'s podcast, it\\u2019s impetus was enough to squash any positive currency response to Australia\\u2019s employment numbers and New Zealand\\u2019s GDP read yesterday, both of which were way higher than anticipated. And yet Philip Lowe continued to set the expectation that Australian rates wouldn\\u2019t rise until 2024. The road to recovery isn\\u2019t straight forward though, with US unemployment claims rising last week and Britain\\u2019s infection rate rising sharply, despite the vaccines. UK retail sales will garner a bit of attention today.
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