Archive for November 18th, 2009
Kiwi and Aussie Diverge, then Re-Unite – 1091th Edition
Over the last few months, the New Zealand Dollar and Australian Dollar have largely moved in tandem (see chart below). When the Reserve Bank of Australia raised its benchmark interest rate earlier this month, it shocked the markets and the Aussie shot up, while the Kiwi remained fixed in place. Many observers predicted that such [...]
