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Aussie and Kiwi hold steady as bond rally fuels rate cut hopes

The Australian dollar (AUDUSD) recovering from a three-month low overnight. Against the surging yen (AUDJPY), the Aussie lost overnight, hitting its lowest since March. The New Zealand dollar (NZDUSD) was up, rallying from its recent three-month trough. Much of the kiwi’s move came as markets priced out any chance of a rate rise from the Reserve Bank of Australia (RBA) following favourable inflation data. Markets now imply a small chance of a cut at the RBA’s meeting, compared to the risk of a hike before the data. They also suggest there's a chance that the cash rate could be cut as early as November, while a quarter-point easing is priced for December. Read more to discover the recent market developments for AUDUSD and NZDUSD here.

how will AUDUSD and NZDUSD trend

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Publication date:

2024-08-05 08:32:14 (GMT)

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