A late flurry of buying after New Zealand’s jobs report sent NZD/USD to the top of the G10 FX leaderboard on Thursday, leaving in on track for another retest of the downtrend it’s been stuck in throughout the entirety of 2024. Already bid on a decline on a decline in US bond yields and massive gains in Chinese equities and yuan earlier in the session, the Kiwi extended its rally against the greenback to over 0.7% on the back of the jobs data which provided no smoking gun for an early rate cut from the Reserve Bank of New Zealand (RBNZ). New Zealand jobs market slowly softening Statistics New Zealand said unemployment ... (full story)