You know things are bad when AUD/NZD leads the volatility stakes

By my reckoning, AUD/NZD was the main mover today, down by nearly 50 pips as medium-term AUD longs started looking for some hedging cover ahead of next week’s RBA meeting. The futures market is pricing in around a 60% chance of a rate cut next week.

Leave a Reply

Your email address will not be published. Required fields are marked *