AUD/NZD surges to fresh highs as Dovish RBNZ gives Aussie the win
The AUD/NZD cross spiked higher on Wednesday as the Reserve Bank of New Zealand's (RBNZ) dovish hold triggered a broad New Zealand Dollar (NZD) sell-off, while the Australian Dollar (AUD) remained supported by the Reserve Bank of Australia's (RBA) recent hawkish posturing.
The AUD/NZD cross spiked higher on Wednesday as the Reserve Bank of New Zealand's (RBNZ) dovish hold triggered a broad New Zealand Dollar (NZD) sell-off, while the Australian Dollar (AUD) remained supported by the Reserve Bank of Australia's (RBA) recent hawkish posturing.
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