The Aussie was flat against the Kiwi after the release of the Reserve Bank minutes in Australia. The bank held rates steady at 0.25% as expected.
AUDNZD
In this section, you will learn more about the AUDNZD, but also be able to read our latest news and technical analysis for the currency pair. You will also find a live chart.
What is AUDNZD?
In recent years, AUDNZD has grown in popularity among forex traders. It is typically more volatile during the Asian session when the Australian and New Zealand markets are open.
Related currencies: AUDJPY – AUDUSD – GBPAUD.
AUDNZD is the financial symbol between the currencies of the neighboring countries: Australia and New Zealand. This currency pair is popularly referred by the moniker of the two currencies: Aussie-Kiwi.
Just like any other currency pair, it is sensitive to central bank announcements, and in this case from the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand. These two countries have historically high inflation rates relative to their American and European counterparts. This may be attributed to the nature of their economies which are reliant on exporting commodities. Consequently, their central banks are also among those who have the highest interest rates. They are also more hawkish than their other counterparts like the ECB and the BOJ.
Most of the time, the AUDNZD currency pair trades sideways. This could be due to the fact that their economies are alike. Therefore, if you plan on trading it, you should pay attention to AUDNZD news and track discrepancies in the economic data released from Australia and New Zealand. If Australia’s statistics paint a stronger economy than that of New Zealand, then you can expect AUDNZD to trade higher. This is made on the assumption that the data could be enough to make the RBA hawkish. On the other hand, if it is New Zealand’s economy that looks more appealing, you may expect AUDNZD to trade lower.
Aside from economic reports, you should also track the largest exports of Australia and New Zealand. Higher gold prices sometimes lead to a stronger Aussie because Australia is one of the largest producers of the precious metal. On the other hand, the New Zealand dollar tends to react to changes in dairy prices as it is New Zealand’s largest export.
Live AUDNZD Chart
AUDNZD News and Analysis
AUDNZD Moves Lower Ahead of a Busy Economic Calendar
AUDNZD Rally at a Key Level Ahead of GDP and Employment
The AUDNZD was slightly higher on the day with New Zealand business PMI showing a print of 50.7, which is straddling the key 50 level between expansion and contraction. The market awaits two key events next Thursday with the release of second quarter GDP for the Kiwi and unemployment numbers […]
Market Brief: Asian Stocks Steady; AUDUSD Plunges on RBA Emergency Rate Cut Expectations
Asian Equities Steadier Today Japanese and Australian stocks posted modest gains in today’s trading after a few days of aggressive selling. The Nikkei 225 was up by 0.06% at 17,011.46. Meanwhile, the ASX 200 had a 5.83% profit for the day at 5,293.4. Meanwhile, the Hang Seng Index is still...
Market Brief: Nikkei 225, Asian Stocks Steady After Massive Sell-Off. Is This A Dead Cat Bounce?
Nikkei 225, Shanghai Composite, and Hang Seng Index Recoup Losses After a massive sell-off triggered by combined concerns of the coronavirus outbreak and Saudi Arabia’s oil price war, Asian stocks stabilized today.The Nikkei 225 recovered some of its losses from yesterday when it finished today’s trading 0.85% or 168.36 points [...]
Week Ahead: RBNZ and ECB Take the Spotlight; UK CPI and UK GDP Due
Next week is going to be a relatively lighter one compared to this past week. However, it does not mean we will not see some action on the charts. Read on for the top-tier events scheduled and a few trade ideas for next week. RBNZ Governor Orr's Speech - Tuesday, [...]
Market Brief: Asian Stocks Up on Hopes That Central Banks Would Stimulate Global Growth
Asian stock markets and risk currencies traded higher this morning on hopes that central banks around the world would soon ease monetary policy to stimulate economic growth. The Nikkei 225 finished today’s trading 201.12 points or 0.95% higher at 21,344.01. Meanwhile, the Shanghai Composite Index closed at 2,970.931, up 90.627 [...]
Market Brief: Nikkei 225 and Hang Seng Down on Coronavirus Fears, Shanghai Composite Up on CPI
Asian equities markets were mixed in today’s trading. The Nikkei 225 closed lower in today’s trading by 142.0 points or 0.60% at 23,686.0. Meanwhile, the Hang Seng Index is trading in the red by around 180.0 points or 0.65% at 27,230.2. According to some analysts, losses today can be attributed [...]
Week Ahead: Central Bank Releases, GDP, and CPI Reports on Deck
There are going to be three central bank releases next week. The most important of them will be the RBNZ rate decision scheduled on Wednesday. Expectations are that the RBNZ will not announce a rate cut. There is also some optimism that the central bank will sound optimistic because inflation [...]
Market Brief: Asian Stocks Lose Bullish Momentum Amid Lack of Coronavirus and Trade War Updates
The Nikkei 225 finished in the red by 45.6 points or 0.19% at 23,828.0. Meanwhile, the Hang Seng Index is down by as much as 145.6 points or 0.53% 27,346.7. The Shanghai Composite Index, on the other hand, is in the green by 9.454 points or 0.33% at 2,875.964. Yesterday, [...]
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