The New Zealand jobs report is expected to be a poor one, with a net loss of jobs and a leap higher for the unemployment rate. The New Zealand economy has shrunk under prolonged high interest rates from the Reserve Bank of New Zealand in its battle to drive inflation lower. The pivot from the RBNZ will be soon, with some expectations of a rate cut at the October meeting, or even the meeting next week (August 14).The focus later in the session is the trade data from China. Both exports and imports are expected to have risien from the previous month. While the Chinese economy remains shaky the surge in value of the yen has played out in a move stronger for the yuan, which take some of the pres
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