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11 Dec 2014
AUD/NZD on its knees printing new lows
FXStreet (Guatemala) - AUD/NZD is trading at 1.0635, down -0.08% on the day, having posted a daily high at 1.0665 and low at 1.0633.
AUD/NZD is on its knew with the RBNZ keeping rates on hold but with an accompanying statement that was very hawkish. The pair dropped with the Kiwi taking flight and spiking right across the board.
We went from 1.0780 to over a cent lower reaching 1.0660 and then steadily down to the current lows. The RBA and RBNZ are now in very clear divergence, although both banks are requiring a lower currency and jawboning remained within the RBNZ statement: “…Remains unjustified and unsustainable”.
AUD/NZD is on its knew with the RBNZ keeping rates on hold but with an accompanying statement that was very hawkish. The pair dropped with the Kiwi taking flight and spiking right across the board.
We went from 1.0780 to over a cent lower reaching 1.0660 and then steadily down to the current lows. The RBA and RBNZ are now in very clear divergence, although both banks are requiring a lower currency and jawboning remained within the RBNZ statement: “…Remains unjustified and unsustainable”.