AUDNZD Exchange Rate

The services sector in Australia continued to expand in April, albeit at a slower rate, the latest survey from Judo Bank revealed on Friday with a services PMI score of 53.6.

The total number of building permits issued in New Zealand was down a seasonally adjusted 0.2 percent on month in March, Statistics New Zealand said on Thursday - coming in at 2,931.

The manufacturing sector in Australia continued to contract in April, albeit at a slower pace, the latest survey from Judo Bank revealed on Wednesday with a manufacturing PMI score of 49.6.

The unemployment rate in New Zealand came in at a seasonally adjusted 4.3 percent in the first quarter of 2024, Statistics New Zealand said on Wednesday.

The pound continues to trade at elevated levels, standing on the cusp of the upcoming Bank of England (BoE) policy meeting.

The overnight trading session unfolded with a notable lack of volatility. Noteworthy shifts were observed among G10 currencies, with particular attention drawn to the Australian dollar and the yen, as the US dollar remained in a weakened position.

The Japanese yen has remained strong in overnight trading following a relatively turbulent session yesterday. The currency briefly climbed back above the 150.00 level and reached an intraday high of 150.16 against the US dollar before sharply dropping to an intraday low of 147.43.

The New Zealand dollar has been the weakest performer among the G10 currencies in the last five trading days, and it further depreciated against the US dollar yesterday.