FxWirePro: AUD/NZD strip holders with gamma instruments to arrest further downside risks ahead of RBA and NZ trade balance
The RBA surprised by cutting in May, which suggests another cut to 1.5%, probably in August. The RBNZ is expected to cut to 1.75% in June. With both central banks behaving similarly near term, we would expect the cross to consolidate around 1.07-1.09 ...
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