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NZD/USD was also pressured by the the latest...>

KIWI
KIWI: NZD/USD was also pressured by the the latest round of trade war headlines
& AUD/NZD topping NZ$1.09, after a limited reaction to the NZ labour mkt report.
The unemp. rate unexpectedly ticked up to 4.5%, as the uptick in the
participation rate outweighed the slightly stronger than exp. employment growth.
Average hourly earnings were particularly disappointing, although the private
wage metric met expectations, aided by the uptick in minimum wages.
- Focus now turns to next week's RBNZ MonPol decision, with the NZD/USD cross
last dealing 25 pips or so softer, just above $0.6790, well within the broader
$0.6690-$0.6860 range observed in July.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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