NZD/USD: Next 7 days will be shaped and led by the AUD – ANZ

Economists at ANZ Bank expect the AUD to lead the Kiwi this week ahead of key AU data and next week’s RBA decision.

Another muted session

With no local or AU data scheduled today, it is likely to be another muted session, with the focus on AU CPI data due tomorrow, which will be a key input into next week’s RBA decision, which in turn, is important for the Kiwi by correlation (and clearly crucial for NZD/AUD).

The next 7 days look like they’ll be shaped and led by the AUD given other data due there like Retail Sales, and given how barren the NZ data schedule is, and with the RBNZ on hold.