Breakfast briefing: US labour market momentum eases

We get that on Thursday, NZ time and an increase of 3.1% is expected, down from the May 4.0% rate. This coming week we will also get central bank rate reviews from Canada on Thursday where a +25 bps rise is expected, and South Korea also on Thursday. And of course we will get our own RBNZ releasing their decision on Wednesday, and no change is expected here. This probably paves the way for another central bank policy rate hike there too on Thursday (NZT). That means the TWI-5 is now just over 70.3, little-changed from Saturday but up +50 bps in a week.