Wednesday: A$, NZ$ surge as Fed hawk turns dovish
The Aussie and Kiwi dollars have surged overnight to four-month highs against a weakening US dollar, thanks to comments from a normally hawkish Fed official suggesting US rate cuts are more likely than hikes anytime soon. In part two of our bonus deep-dive interview, ANZ Australia Economist Blair Chapman maps out the sweet spot for his new FTE-pop indicator of Australian labour market tightness. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/