Aussie and Kiwi put on a strong show after positive job data and GDP

Syamfx

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The Australian stock market is modestly higher on Thursday after strong employment data. The unemployment rate falls 0.1% to 5.2%, with 39,900 new jobs created during November. In meanwhile, New Zealand’s GDP growth beat expectations in the third quarter. The economy expanded 0.7% quarter-on-quarter, faster than the 0.6% economists had expected.

In the currency market, the Australian dollar and New Zealand dollar is higher against the U.S. dollar on Thursday. Aussie bounced immediately after the data, rising as much as 0.4% to 0.6880 and Kiwi jumped to a high of 0.6615 after the strong GDP report.

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