The New Zealand Dollar (NZD) has extended its run higher to 0.9125 (1.0960) against the Australian Dollar (AUD) the weakest performing currency on the main board this week. Aussie Retail Sales came in favourable Monday lifting the AUD, but it has been all downhill since. The cross is touching a 9-week high this morning. Next week’s Australian unemployment and RBA cash rate announcement is our focus with no change predicted from 4.35%.
The current interbank midrate is: NZDAUD 0.9115 AUDNZD 1.0958
The interbank range this week has been: NZDAUD 0.9066- 0.9130 AUDNZD 1.0952- 1.1029