SYDNEY/WELLINGTON: The Australian and New Zealand dollars were locked in limbo on Thursday as the world waited on US jobs figures to clarify the outlook for global interest rates, with another batch of upbeat domestic data unable to compete for attention.
Markets have spent all week hanging on the May payrolls report and the outcome will likely unleash major moves no matter what it reveals.
That left the Aussie sidelined at $0.7744, snugly within the week's range of $0.7702 to $0.7774. Indeed, this looked set to be the 17th straight session where it closed with a $0.77 handle.
The kiwi was stuck at $0.7227, having spent the week so far wandering between $0.7210 and $0.7288. It needs to clear the recent three-month peak of $0.7316 to break the deadlock.
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