The AUD/NZD price remained under pressure on Tuesday after the latest interest rate decision by the Reserve Bank of Australia...
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.
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The AUD/NZD pair is off session lows but continues to trade in negative territory after Tuesday’s interest rate hike by...
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The AUD/NZD price has been in the spotlight this week as investors focus on key events. The AUD to NZD...
The AUD/NZD price spiked to the highest point since 2018 after the latest economic data from Australia and New Zealand....
The AUD/NZD price moved sideways after the latest trade numbers from New Zealand. The exchange rate is trading at 1.1073,...
The AUD/NZD pair pulled back this week after the extremely hawkish interest rate decision by the Reserve Bank of New...
New Zealand’s inflation figures provided a stall in the upside price action on the AUD/NZD pair. The consumer inflation (quarterly)...