{
  "id": 13894083,
  "title": "Australian dollar edges higher after first weekly gain in five, kiwi lags",
  "url": "https://urgent.news/2026/10/12/australian-dollar-edges-higher-after-first-weekly-gain-in-five-kiwi",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T06:20:13.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40443787/australian-dollar-edges-higher-after-first-weekly-gain-in-five-kiwi-lags"
  },
  "original_language": "en",
  "account": "Sydney witnessed the Australian dollar increasing slightly on Monday, marking its first weekly gain in five weeks, as investors await the Reserve Bank of Australia's (RBA) minutes and jobs data to decipher the direction of interest rates. The Aussie rose 0.2% to reach $0.6994, following a 0.4% increase last week, breaking a four-week losing streak. This rise pushed the Australian dollar above its seven-day moving average of $0.6972, indicating an improvement in the technical outlook following a month-long decline from its September peak of $0.7238. The Australian dollar's support is anchored at the recent 13-week low of $0.6904, while resistance can be found at the 21-day moving average of $0.7028.\n\nIn contrast, the New Zealand dollar struggled as it failed to break a seven-week losing streak. It remained flat at $0.5607, down 0.2% from last week, and has declined over 6% since its peak in mid-August. The New Zealand dollar's support is set at $0.5578. David Croy, a senior rates strategist at ANZ, noted that the New Zealand dollar has underperformed among the G10 currencies and that the NZD trade-weighted index (TWI) is at levels not seen since 2011. Croy expects the Reserve Bank of New Zealand (RBNZ) to hike interest rates during its October 28 meeting, although investors are divided on whether this will occur. Swaps imply a 58% probability of a quarter-point rise to 3.0%.\n\nInvestors remain uncertain about the RBNZ's decision on whether to increase rates again at its October 28 meeting, with a general election taking place on November 7. The opposition Labour Party has advocated for the reintroduction of maximum sustainable employment into the central bank's objectives alongside price stability. On Monday, the Australian dollar traded at NZ$1.2447, just below its 13-year high of NZ$1.2488. This week's data diary in Australia includes the Australian jobs report for September, with forecasts anticipating a rise of 20,000 jobs and the unemployment rate remaining steady at 4.6%, a five-year high. A poor jobs report could help alleviate concerns about the inflationary effects of a tight labor market and reduce the likelihood of a fifth rate hike this year. The RBA will release the minutes of its latest meeting on Tuesday.",
  "summary": "SYDNEY: The Australian dollar edged higher on Monday after snapping a four-week losing streak last week as investors awaited RBA minutes and jobs data to gauge the path of interest rates there, while the kiwi struggled after seven straight weeks of declines. The Aussie rose 0.2% to $0.6994, after rising 0.4% last week to break a four-week losing streak. That helped it to rise above the seven-day…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}