AUD/NZD supported by Fonterra and awaits RBNZ – ANZ

By FXStreet Analysts at ANZ explained that Fonterra reduced their milk price forecast earlier in the week, sending the AUD/NZD cross even higher.

Key Quotes:

“The RBNZ later this week will be of key focus, with few releases until then. AUD/NZD is now trading above 1.10 with further gains likely if commodity prices remain supported.”
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Source:: FX Street