This is a snippet from Credit Agricole's strategy outlook for the coming week
(In brief)
- The Australian and New Zealand dollars remain standout performers
- Both the RBA & RBNZ to stay on hold at this week's meetings
- Both will struggle to prevent further strength in their currencies without external factors coming into play
- Especially the RBNZ - CA expect the RVNZ to say that rate hikes are closer than it thought in November
- CA's outlook for the two currencies is for that AUD/NZD could head lower this week
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I've posted up some earlier RBA previews:
- Reserve Bank of Australia meeting on February 7 - preview
- Here's an RBA preview (February 7 meeting) - All economists say rates on hold
