NZD/USD: Bulls attack 0.7050 on strong NZ Q2 Employment data

From fxstreet.com

NZD/USD holds on to the weekly gains while taking the bids around 0.7035, 0.26% intraday, during early Wednesday morning in Asia. The kiwi pair recently gained on firmer second quarter (Q2) employment report from New Zealand (NZ). NZ Employment Change rose past 0.7% market consensus and 0.6% previous readouts to 1.0% whereas the Unemployment Rate slumped below 4.5% forecast and 4.7% prior to 4.0%. Other than the positive data, the Reserve Bank of Australia’s (RBA) readiness to keep the September tapering on the table despite covid woes at home also backs the odds of the Reserve Bank of New Zealand’s (RBNZ) rate ... (full story)