Commentary
Add as a preferred source on GoogleWestpac Research notes:AUD/NZD 1 day: A sharp reversal yesterday following the surprisingly resilient NZ inflation expectations surveys. A corrective pullback to at least 1.0730 is in order.AUD/NZD 1-3 month: The RBA wil…
Westpac Research notes:
AUD/NZD 1 day: A sharp reversal yesterday following the surprisingly resilient NZ inflation expectations surveys. A corrective pullback to at least 1.0730 is in order.
AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ has a conditional easing bias. Expected RBA vs RBNZ direction thus favours AUD/NZD over the medium term, such that 1.1300 is feasible.
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