The Australian dollar/New Zealand dollar exchange rate is expected to lack a clear direction next week due to external factors. The release dates for the RBA minutes and Australia’s September employment report have been identified as key indicators.
Next week’s market movements, focusing on the Australian dollar/yen and New Zealand dollar/yen, are explained in a video. The commentary is provided by Tsutomu Nakamura (中村 勉) of Gaika Dot Com Research Institute. The currency pairs covered and the factors to watch going forward are summarized.
The economic indicators to watch are the RBA minutes on 13 October and Australia’s September employment report on 15 October.
The article presents the view that external factors could determine the market direction next week, with whether the employment report will support a rate hike potentially becoming the focus.