It's becoming cheaper and cheaper for Kiwi's to come over to Australia, with AUD/NZD at 1.1070 (at the time of writing)

Chris Weston

Pepperstone

It's becoming cheaper and cheaper for Kiwi's to come over to Australia, with AUD/NZD at 1.1070 (at the time of writing). My year-end target was 1.15 and that was when the pair was around 1.25! Currency markets are being driven by yield spreads and central bank policy divergence and AUD/NZD has been one of the macro communities' favourite trades. At 11:30 today we get the Australian Q3 GDP and while the consensus is calling for 0.7% on the quarter (range of 1.2% to 0.5%) and 2.6% on the year, we feel there are very modest upside risks here. Still, bounces in this pair should be sold given the very clear and strong trend.


Chris Weston
Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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