Weekly Market Insights with Gary Thomson: US NFP, EU Inflation, and RBNZ Interest Rate Decision
In this video, Gary Thomson looks at three key events in the first week of September that could shape expectations for the euro, New Zealand dollar and US dollar: Eurozone inflation, the RBNZ interest rate decision and the latest US employment report.
π Key topics covered:
βοΈ Eurozone Inflation β 1 September β Annual inflation rose to 2.9% in July, remaining above the ECBβs 2% target. Could another strong reading strengthen expectations for further rate hikes and support the euro?
βοΈ RBNZ Interest Rate Decision β 2 September β Markets widely expect a 25-basis-point hike to 2.75%. With inflation above the RBNZβs target range but unemployment at its highest level in more than a decade, what could the Bankβs guidance mean for the New Zealand dollar?
βοΈ US NFP & Unemployment Rate β 4 September β Julyβs jobs report surprised to the downside, with payrolls falling by 23,000 and previous figures revised lower. Will the latest data confirm a broader slowdown in the US labour market or show signs of stabilisation?
With major central bank meetings approaching, markets could react not only to the headline data but also to what the figures mean for future monetary policy.
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