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AUD/NZD remains supported above 1.20 amid bearish NZD outlook and RBA rate hike expectations.
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The Australian Dollar (AUD) continues to hold above the 1.20 level against the New Zealand Dollar (NZD), supported by expectations of a potential Reserve Bank of Australia (RBA) rate hike. TD Securities maintains a bearish stance on the NZD, anticipating that the Reserve Bank of New Zealand (RBNZ) tightening is largely priced in, with AUD/NZD projected to remain above 1.20, targeting 1.22 by year-end.
Points clés
- AUD/NZD remains supported above 1.20 amid bearish NZD outlook and RBA rate hike expectations.
- TD Securities maintains a bearish stance on NZD, projecting AUD/NZD to remain above 1.20, targeting 1.22 by year-end.
Sources
Généré par IA à partir de sources d'actualités publiques. Ceci n'est pas un conseil financier.
