Traders report a UK Clearing bank is actively selling AUD/NZD this afternoon. Earlier today there was talk in the market that the RBNZ would limit its its rate cut to 25 bp as opposed to 50 bp. The market has about a 25% chance of a 50 bp cut priced in as of now…
AUD/USD is at 1.0103, NZD at 0.7400.
