I’ve just been reading an analytical piece on the AUD/NZD from an investment bank. They think there is a decided possibility that the RBNZ could raise rates by 50bps in both June and July. That would certainly throw a spanner in the works of the AUD/NZD bulls.
Also of interest, they suggest that a CNY revaluation would have little impact on the AUD/NZD cross. An interest rate rise in China on the other hand would be more negative for the AUD than for the NZD.
