17 Feb 2015
AUD/NZD approaches all-time lows ahead of RBA minutes
FXStreet (Córdoba) - AUD/NZD fell to retest all time lows scored on Monday as the kiwi spiked at the beginning of the Asian session.
AUD/NZD fell to a record low of 1.0330 on Monday as the NZD strengthened on the back of stronger than expected NZ retail sales data, which supported the idea the RBNZ will remain on hold, in contrast with the RBA which is expected to retain the dovish bias over the next months.
Even though AUD/NZD managed to climb back to the 1.0370 area during the American session, a bout of kiwi demand sent the pair to 1.0334 in recent dealings. At time of writing, the pair is trading at 1.0360 as focus turns to RBA minutes after they cut rates last meeting.
AUD/NZD fell to a record low of 1.0330 on Monday as the NZD strengthened on the back of stronger than expected NZ retail sales data, which supported the idea the RBNZ will remain on hold, in contrast with the RBA which is expected to retain the dovish bias over the next months.
Even though AUD/NZD managed to climb back to the 1.0370 area during the American session, a bout of kiwi demand sent the pair to 1.0334 in recent dealings. At time of writing, the pair is trading at 1.0360 as focus turns to RBA minutes after they cut rates last meeting.