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ANZ recommends buying AUD/NZD on dips, anticipates USD/JPY to fade gains

ANZ Bank has shared its outlook on the AUD/NZD and USD/JPY currency pairs for this week.For the AUD/NZD pair, ANZ suggests that the New Zealand Dollar (NZD) will likely remain range-bound over the next week. The bank recommends adopting a “buy on dips” strategy for the AUD/NZD pair. However, ANZ noted that with market expectations for the Reserve Bank of Australia’s (RBA) terminal cash rate now surpassing 4.6%, there is diminishing potential in the relative RBA vs. Reserve Bank of New Zealand (R... Read More

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Posted: Jun 19 2023, 18:48

Author Name: forexlive

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