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Market Impact: 0.22
Hedge Funds Bet Aussie to Outrun Kiwi on RBA Hike, NZ Vote Risks
Source: Bloomberg
Currency & FXInterest Rates & YieldsElections & Domestic PoliticsInvestor Sentiment & Positioning
Hedge funds are increasing positioning for the Australian dollar to outperform the New Zealand dollar into year-end. The bullish bias is attributed to expectations of higher Australian interest rates, while uncertainty around New Zealand’s election is seen as clouding NZ monetary policy. Overall, the trade is modestly supportive for AUD relative to NZD.
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Overall Sentiment
mildly positive
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