- Analytics
- News and Tools
- Market News
- AUD/NZD to extend recent gains toward 1.0800 – Westpac
AUD/NZD to extend recent gains toward 1.0800 – Westpac
AUD/NZD trended lower over much of 2021. According to economists at Westpac the Reserve Bank of Australia (RBA) should affirm market expectations for 2022 rate hikes, while China’s demand for industrial commodities supports AUD/NZD, targeting 1.0800.
Relative external/commodity trend is strongly in AUD’s favour
“This week’s Australia Q4 CPI data reinforced expectations that the RBA next week will make major changes to its forecasts and rhetoric, preparing for higher rates in coming months.”
“The relative external/commodity trend is strongly in A$’s favour. Australia has run historically large trade and C/A surpluses for 4 years, whereas NZ’s C/A deficit is the widest since 2008. China’s recent tilt towards infrastructure-led growth seems likely to extend the outperformance of Australia’s industrial commodity exports.”
“We see scope for AUD/NZD to extend recent gains to 1.0800 multi-day/week.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
