The Aussie And NZD Have Become Big Winners From This Year'S Big Losers In The Foreign Exchange Market.
This quarter, the Australian dollar and NZD rose the top in the G10 currencies, erasing the previous three quarters' decline.
New Zealand
Graeme Wheeler, the central bank governor this month, released an easing policy as analysts expected, but hinted that interest rates would remain at the current level.
The RBA chairman Glenn Stevens kept interest rates unchanged for seventh months in a row.
Daniel Been, a foreign exchange strategist at ANZ, told Peng Bo: "Recent
Australian dollar
The strong performance has been reassessed by traders to ease the frequency of RBA.
Now, analysts predict that the RBA will not cut interest rates for a period of time, which is different from what the RBA expected in the year to cut interest rates.
Traders who were short of New Zealand dollar were also disappointed by Wheeler's position.
The RBA said that the low inflation rate should remain low.
The next 1-2 years
Inflation rate
Will be consistent with the goal.
Inflation prospects are most likely to give room for further easing.
Monetary policy needs to be relaxed.
Whether the assessment policy is the best choice for achieving growth and inflation targets.
In December 1st, the RBA announced that it would maintain interest rates unchanged at 2%, which was the seventh month interest rate remained unchanged.
At the time, the RBA pointed out that if the signs of recovery in the coming months are disappointing, low inflation means that the central bank will have room to further cut interest rates.
"The Central Bank Committee once again came to the conclusion that the prospect of improving the economic environment has increased in recent months, indicating that maintaining interest rates unchanged is the appropriate measure," RBA chairman Glenn Stevens said in a statement.
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