Both the Australian and New Zealand dollars have seen the wind leave their sails lately, amid mounting speculation that their respective central banks will cut rates soon, and as investors started having second thoughts about a US-China trade deal. Examining the landscape for each economy, the case for looser policy in New Zealand seems much clearer than in Australia, though market pricing currently implies roughly equal odds for a rate cut in both. This suggests that the risks surrounding aussie/kiwi may be skewed to the upside. The aussie posted decent gains to start the year, supported by encouraging signals in ... (full story)