RBA and RBNZ could remain ‘on-hold’ – TDS

FXStreet (Edinburgh) - Strategists at TD Securities see the Antipodeans central banks keeping the monetary status quo in the near future.

Key Quotes

“We do not expect the RBA or the RBNZ to cut rates but both central banks are expected to adopt increasingly dovish rhetoric”.

“We anticipate that the RBNZ will sound more convincing of the pair, which creates a risk for AUDNZD to push higher towards 1.10 by the middle of June”.