AUDNZD selling idea

25 thg 8, 2024

Australia’s inflation outlook is becoming more complicated. The government now expects inflation to stay high for longer than they first thought. This is because demand in the economy is strong, but the supply of goods and services isn’t growing as fast as expected, according to Michele Bullock governor and chair of Reserve bank board, the next CPI might show a drop in inflation ranging 2-3 %, but this will just be temporary. The factors causing inflation are still there, and when the temporary government measures end, inflation is likely to go up again.

this makes me feeling selling the AUDNZD at the near most liquidity engineering also may be due to substantial strengthening of New Zealand dollar which makes Australian dollar weaker and weaker