Monday 31 August 2020

Super dovish Fed and super dovish RBNZ; 2 factors account for why the NZD is up against the USD

A snippet via BNZ to review the NZD  past performance and to open the new month.  But the Fed posture is a plus for the kiwi: Both of those points apply to AUD also. Which are two reasons the RBA is responding with a shrug to AUD strength (AUD hit a two year high above 0.74 overnight):
http://dlvr.it/Rfjthr

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