Bullish
AUD/NZD hits 13-year high at 1.2332 amid rate divergence and metal rally.
The Australian Dollar (AUD) reached a 13-year high against the New Zealand Dollar (NZD), climbing to 1.2332 on September 8, 2026. This surge is attributed to the Reserve Bank of Australia's (RBA) indication of potential further interest rate hikes, while the Reserve Bank of New Zealand (RBNZ) suggested its policy rate may already be at a neutral level. Additionally, a rally in metal prices, including iron ore surpassing $100 per ton and copper reaching record highs, has bolstered the AUD.
Key points
- AUD/NZD reaches 13-year high at 1.2332 due to rate divergence and metal rally.
- TD Securities maintains bearish NZD stance, forecasting AUD/NZD at 1.22 by year-end.
- Bank of America recommends selling AUD/NZD based on policy divergence outlook.
Sources
- AUD/NZD hits 1.2332, reaches 13-year high on rate divergence and metal rallyGate News · September 8, 2026
- New Zealand Dollar: Bearish stance maintained on rate hike pricing – TD SecuritiesFXStreet · August 28, 2026
- BofA recommends selling AUD/NZD on policy divergence outlookInvesting.com · August 18, 2026
AI-generated from public news sources. Not financial advice.
