Australian Dollar: Peak risk builds against NZD – Societe Generale
Societe Generale’s Kenneth Broux and colleagues note that the Reserve Bank of New Zealand (RBNZ) held rates at 2.25% but turned more hawkish, while Australia’s softer Consumer Price Index (CPI) and underwhelming jobs data have markets trimming Reserve Bank of Australia (RBA) hike expectations.
Societe Generale’s Kenneth Broux and colleagues note that the Reserve Bank of New Zealand (RBNZ) held rates at 2.25% but turned more hawkish, while Australia’s softer Consumer Price Index (CPI) and underwhelming jobs data have markets trimming Reserve Bank of Australia (RBA) hike expectations.
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