SYDNEY, Oct 2 (Reuters) – The Australian and New Zealand dollars inched higher on Thursday as gains in global stock markets supported risk assets generally, though disappointing domestic data proved a headwind for the Aussie. Particularly notable was a miserly 0.1% rise in household spending for August, missing forecasts of 0.3% and the lowest reading in four months. The details showed falls in recreation and alcohol and tobacco spending, suggesting gains in July may have been fuelled by British fans visiting for the Lions rugby tour which then reversed when they left. The pullback could be telling for interest rates given the Reserve Bank of Australia had cited the strength of consumption as one reason it skipped a cut this week. "Given that the RBA still believes that monetary policy is
Australia, NZ dollars edge up, domestic data disappoints

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