AUD/NZD tumbled sharply today as markets digested two major releases: RBNZ’s widely expected 25bps cut and Australia’s stronger-than-forecast CPI print. Despite the upside surprise on inflation, AUD buying was no match for the hawkish tone embedded in RBNZ’s announcement, which effectively signaled that the easing cycle is now complete. That distinction proved decisive. With RBNZ […]
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