FXstreet.com (Barcelona) – The RBA does seem more concerned about the global outlook than the RBNZ does, according to Mansoor Mohi-uddin, Head of FX at UBS Macro Research; “While the AUDNZD cross may rise if investors seek yield, it should become a sell on rallies towards 1.30 given the risk that the RBA would cut interest rates again first on renewed global market turmoil while the RBNZ stays on hold” Mr. Mohi-uddin says.
