New Zealand - ANZ Commodity Price index for July: -1.4% m/m (prior +0.8%)

ANZ's indicator of price trends for New Zealand's 17 main commodity exports

• down from its record level

In NZD terms:

• + 0.1% m/m
• lower commodity prices were offset by a softening in the NZD Trade Weighted Index

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Earlier from New Zealand today.

• NZ Q2 Unemployment rate 4.0% (vs. expected 4.5%) & Employment change +1.0% q/q (vs. expected +0.7%)
• Outlook for an RBNZ rate hike on August 18 - most analysts saying its a done deal