New Zealand Terms of Trade Index came in at -9% below forecasts (-2.2%) in 2Q

Australian Dollar rises as soft US jobs, GDP beat lift AUD, PMIs ahead

The Australian Dollar advanced on Wednesday versus the US Dollar after economic data in the US revealed the labour market weakened slightly, while the Greenback dipped on intervention speculation in the FX markets.
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The New Zealand Dollar sells the hike it asked for

The Reserve Bank of New Zealand (RBNZ) raised its policy rate on Wednesday and the currency fell almost 1.7% from top to bottom on the day it happened.
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