- Hedge funds are boosting year-end bets that the Australian dollar will outperform the New Zealand dollar.
- Expectations for higher Australian interest rates are supporting the Aussie, while New Zealand's election adds uncertainty to its monetary-policy outlook.
Quotes
“Hedge funds are boosting bets that the Aussie dollar will outperform the kiwi heading into year-end as prospects for higher Australian interest rates bolster the currency, while New Zealand’s election clouds the nation’s monetary policy outlook.”