Monday: Strong US jobs growth boosts USD
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US jobs growth was much stronger than expected, which lifted US Treasury yields 12-20 bps and shunted the US dollar 0.5% higher. Economists also now see a 50 basis point cut by the Reserve Bank of New Zealand on Wednesday
In our bonus Deep Dive interview, ANZ’s Head of Australian Economics Adam Boyton reveals what a surprising rise in workforce participation means for interest rates.
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Monday: Strong US jobs growth boosts USD