The antipodean central banks will kick off the new month with their October policy decisions, but the latest jobs report out of the US could steal the limelight amid the never-ending anticipation of when the Fed will reach peak hawkishness. Following the latest panic in the markets and the renewed rush to buy US dollars, the Reserve Banks of Australia and New Zealand might be more inclined to maintain their aggressive pace of tightening and not ease up just yet. The dollar’s latest rampage has left few survivors and so investors will probably be hoping for a soft jobs print this time to stop the bleeding in non-dollar assets.
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