{"id":392093,"date":"2025-09-02T14:27:20","date_gmt":"2025-09-02T14:27:20","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/392093\/"},"modified":"2025-09-02T14:27:20","modified_gmt":"2025-09-02T14:27:20","slug":"australia-nz-dollars-run-out-of-puff-economies-not-much-fitter-tradingview-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/392093\/","title":{"rendered":"Australia, NZ dollars run out of puff, economies not much fitter \u2014 TradingView News"},"content":{"rendered":"

The Australian and New Zealand dollars took a breather on Tuesday after four straight sessions of gains, while data pointed to modest economic growth at home and the need for further policy easing.<\/p>\n

The Aussie eased 0.2% to $0.6540 \"\"\/\"\"\/AUDUSD<\/a>, surrendering half the gains made overnight. Resistance lies at $0.6569 and the July top of $0.6625, with support at $0.6462.<\/p>\n

The kiwi dollar lapsed back to $0.5887 \"\"\/\"\"\/NZDUSD<\/a>, after edging as high as $0.5914 overnight. It faces resistance at $0.5942 and $0.5996, with support at $0.5819.<\/p>\n

In Australia, figures showed net exports added a slim 0.1 percentage point to gross domestic product in the second quarter, while government spending contributed nothing at all.<\/p>\n

The full GDP report is due on Wednesday and forecasts favour a rise of around 0.5% in the June quarter, with household consumption finally showing some life after a long fallow stretch.<\/p>\n

“Anecdotes from the company reporting season have made us a little cautious on the consumer, but we do expect the consumer recovery to be a key component of an overall private sector pickup,” said Robert Thompson, macro rates strategist at RBC Capital Markets.<\/p>\n

“Higher real incomes from tax cuts, lower inflation and interest rate relief, should boost spending even if residual caution & elevated saving behaviour continues.”<\/p>\n

Investors doubt the Reserve Bank of Australia will ease again at its meeting on September 30, preferring to wait until November when data for third-quarter consumer prices will have been released. (0#AUDIRPR) <\/p>\n

The partial CPI for July surprised on the high side, but most analysts assume inflation for the full quarter will show core inflation subdued enough to allow for another cut.<\/p>\n

In New Zealand, data showed export volumes fell sharply in the June quarter while import volumes surged, suggested trade took a chunk out of GDP. Past consumer spending on imports was also revised down.<\/p>\n

The Reserve Bank of New Zealand has turned even more dovish, seeing a need for policy to be out right stimulative given the amount of slack in the local economy. <\/p>\n

Analysts expect two more cuts to take rates to 2.50%, the lowest since mid-2022. As a result, two-year swap rates (NZDSM3NB2Y=) hit their lowest since early 2022 at 2.8100%, having fallen 25 basis points last month. (0#NZDIRPR) <\/p>\n","protected":false},"excerpt":{"rendered":"The Australian and New Zealand dollars took a breather on Tuesday after four straight sessions of gains, while…\n","protected":false},"author":2,"featured_media":6319,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-392093","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115135174854888841","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/392093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=392093"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/392093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/6319"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=392093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=392093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=392093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}