Hundred dollar bills are seen in this photo illustraiton in Warsaw, Poland on Sept. 21, 2022.
The Australian dollar tumbled after the country's July employment unexpectedly fell while its jobless rate ticked up more than expected.
The Aussie sank nearly 1% after the release of the figures, dragging the New Zealand dollar alongside it.
"We've got the U.S. staying really resilient still, under the weight of high interest rates," said Carol Kong, a currency strategist at Commonwealth Bank of Australia, or CBA.
"We expect 25-basis-point rate hikes in both September and November, for a peak policy rate of 5.75%," said Wells Fargo economist Nick Bennenbroek of the Bank of England's monetary policy outlook.
Persons:
homebuilding, We've, Carol Kong, Kong, Wells, Nick Bennenbroek, Matt Simpson, there's, CBA's
Organizations:
dovish Bank of Japan, Aussie, New Zealand, U.S, Federal Reserve, Commonwealth Bank of Australia, Fed, FX, Bank of England, Bank, Australian, Zealand, Reserve Bank of Australia, People's Bank of China, The U.S
Locations:
Warsaw, Poland, Asia, Japan, China, CBA's Kong, The