www.bloomberg.com
Analysts predict the Australian dollar (AUD) may have hit its high point against the New Zealand dollar (NZD). This forecast stems from the expectation that the Reserve Bank of New Zealand (RBNZ) will adopt a less dovish stance after an anticipated interest-rate cut this week. This shift in RBNZ’s approach is projected to strengthen the NZD, impacting the AUD/NZD exchange rate. Therefore, traders should be cautious about further gains in the AUD relative to the NZD.
