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.
Click here for live AUD/NZD rates.
Weekly Australian Dollar and New Zealand Dollar Trading Forecast
|AUD To Look Past Local Data Yet Remains At Risk On Elevated Volatility||bearish|
|New Zealand Dollar at Risk on Dovish RBNZ, Status-Quo FOMC||bearish|