The Australian Dollar cross with the New Zealand Dollar (AUD/NZD) currency pair is often used when traders are looking to eliminate external fundamentals associated with both risk correlated currencies, so that they can isolate developments on the domestic fronts and progress within the respective economies.
Both the Australia and New Zealand economies are heavily reliant on exports. Australia is focused on shipping energy products and ferrous metals, while the New Zealand economy is driven off exports of wool, meat and dairy. So if you’re looking to eliminate risk associated with the broader global economy and just want to trade the two economies against one another, the AUDNZD cross rate is the way to go.
Recent AUD/NZD Forex News
Trying to Reconnect with An Old Love
13 Jan 2017 00:04 GMT
Time Estimate: 2 minutes
You all know how much I love trading AUDNZD. Would really like to get back into this one soon.
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Insight from GOLD
04 Jan 2017 00:05 GMT
Time Estimate: 1 minute
Sometimes, it's asset classes away from FX that offer key directional insight.