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...