AUDNZD...DOWNTREND
Analysts are leaning towards a continuation of the downtrend for the AUDNZD forex pair, citing fundamental factors.
The contrasting positions of the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) are considered to be a significant factor. A central bank with a more accommodative stance suggests a readiness to maintain low interest rates, potentially leading to a depreciation of the currency.
Comparing Interest Rates: If the RBNZ takes a more assertive approach in raising rates compared to the RBA, it may increase the appeal of the NZD to investors, resulting in a stronger NZD against the AUD.
The contrasting positions of the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) are considered to be a significant factor. A central bank with a more accommodative stance suggests a readiness to maintain low interest rates, potentially leading to a depreciation of the currency.
Comparing Interest Rates: If the RBNZ takes a more assertive approach in raising rates compared to the RBA, it may increase the appeal of the NZD to investors, resulting in a stronger NZD against the AUD.
Professor C. E. Ward
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