Veytics Intelligence
2026-10-04 · Convera

Aussie, kiwi rebound after weak US jobs report - Convera

US jobs miss lifts Aussie and kiwi. Tokyo inflation strengthens BoJ rate hike case. Fed minutes in focus this week. Written by: Steven Dooley , Shier Lee Lim The Market Insights Team The Aussie and kiwi both rebounded after a much weaker-than-expected US jobs report raised doubts about the strength of the US labour market. US payrolls rose by just 26,000 in September, well below expectations for 59,000. August payrolls were also revised lower to 133,000 from 162,000, while the unemployment rate rose from 4.1% to 4.2%. The softer jobs report weighed on the US dollar and provided support for risk-sensitive currencies. However, bond markets remain the dominant market story, with elevated US Treasury yields continuing to shape FX market direction.

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