NFP Complicates but the RBNZ Path is Clear

NFP Complicates: Friday’s August US jobs report didn’t help clear the murky trading waters heading into the Fed’s September meeting, with a slight miss potentially complicating the decision. “USD Non-Farm Employment Change (173K v 215K expected, with the previous month’s number being revised from 215K to 245K)” It is interesting to note that the August NFP print historically misses expectations but is then often revised higher in the coming months. With a broad rise across the board in USD