NZD/AUD Transfer

ByDragana My Engine Lab

The New Zealand Dollar (NZD), Australian Dollar (AUD) continued to trade sideways this week with a lack of any real direction pivoting around 0.92630 (1.0800) areas. Earlier breaking away from bull continuation the kiwi looked to give back gains but has held strong in this very uncertain trading environment. The AUD a touch more sensitive to trade tariff talks signals further upside momentum for the kiwi. In the leadup to next week’s light economic data we could see geopolitical moves around Israel/Iran strikes.

The current interbank midrate is: NZDAUD 0.9281 AUDNZD 1.0763
The interbank range this week has been: NZDAUD 0.9256- 0.9302 AUDNZD 1.0750- 1.0803

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