Quote:
Originally Posted by trendcat  it looks like it broke its alltime high |
I am afraid it was not the all time high. A better description is a long time upper range. As far as I can see the highest rate was in 1988 and it was almost 1.4800
The question is when RBNZ starts to raise rates. As long as RBA keeps increasing their rates AUD will go up. If everything is all right New Zealand may start increasing rates sooner than at the end of 2010 (as they stipulated some time ago). But as long as the rate differential increases AUD/NZD will go north...