AUD/NZD rose 0.4% to 1.2332, its strongest level since April 2013, after Reserve Bank of Australia deputy governor Hunt said the RBA may need to hike again to curb inflationary pressure. RBNZ commissioner Guy said the cash rate may already be in neutral territory. The pair is up 6.2% YTD as traders bet the policy-rate gap will widen; markets price at least one more RBA hike this year while expecting the RBNZ's next tightening not before February. The Australian dollar is also supported by commod

2026-09-08

AUD/NZD rose 0.4% to 1.2332, its strongest level since April 2013, after Reserve Bank of Australia deputy governor Hunt said the RBA may need to hike again to curb inflationary pressure. RBNZ commissioner Guy said the cash rate may already be in neutral territory. The pair is up 6.2% YTD as traders bet the policy-rate gap will widen; markets price at least one more RBA hike this year while expecting the RBNZ's next tightening not before February. The Australian dollar is also supported by commodity gains—iron ore back above $100/ton and copper at record highs.