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Whats happened with the NZD against the AUD this week?

Written by Sam Coxhead on March 23rd, 2012.      0 comments

4:17 PM (NZT) This week has again seen a relatively tight range for this pair. Not even the weak NZ GDP number was really able to knock the pair from its dormant state. Again, the one thing that potentially would see a move out of the .7700 - .7830 range would be an increased likelihood of a cut to the cash rate from the RBA , which is current priced at just a 20% chance at their next meeting. With very little on the calendar to materially impact a RBA decision, expect the current range to remain in place next week.
 
The current interbank midrate is:                                                            NZDAUD .7802                            AUDNZD 1.2817
                                                               
The interbank range so far this week to date has been:                 NZDAUD .7772 - .7817             AUDNZD  1.2793 - 1.2867
 

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