Aussie’s Slide Versus Kiwi to Slow on Rate Gap, Strategists Say
The Australian dollar has been declining sharply against the New Zealand dollar, but strategists expect this depreciation to moderate in the near term. Australia's higher interest rates relative to New Zealand, combined with technical support levels, are expected to provide a cushion for the currency and slow its selloff.
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Aussie’s Slide Versus Kiwi to Slow on Rate Gap, Strategists Say
The Australian dollar has been declining sharply against the New Zealand dollar, but strategists expect this depreciation to moderate in the near term. Australia's higher interest rates relative to New Zealand, combined with technical support levels, are expected to provide a cushion for the currency and slow its selloff.
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