AUD,NZD

AUD/NZD: Selling noted as rate-cut liklihood increases

The chances of a rate cut by the RBA next Tuesday are edging very slowly higher, with the market now pricing in a 62% liklihood, up from 57% last week. We are seeing some modest AUD/NZD selling this morning which makes sense, as longer-term position holders take out some hedge protection ahead of risk events.

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