The Australian Dollar / New Zealand Dollar cross represents the two Australasian currencies, which often trade similarly against other currencies due to the similar geographical locations and high rollover rates. Therefore, the cross moves on the actual changes in the local economies, and is not heavily affected by risk-trends or global factors. Commodity exports represent a significant segment of both economies with Australia shipping energy products and ferrous metals; while New Zealand is more known for its export of wool, meat and milk.
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Weekly Australian Dollar and New Zealand Dollar Trading Forecast
|Australian Dollar Looks to RBA, US Jobs Data to Drive Volatility||neutral|
|New Zealand Dollar Looks to 4Q GDP, FOMC Outcome for Direction||neutral|