AUD vs NZD: Who is Winning?
The Australian Dollar and the New Zealand Dollar are two commodity currencies that are heavily dependent on China as a trading partner. As the slowdown in China continues, it directly effects the economies of Australia and New Zealand. With no end in sight to the trade war between the US and China, fears spread throughout the region (and the world), which continue to put pressure on the manufacturing industry in both countries. Given that both these economies are so reliant on China, which is the better currency to own at this point? Both AUD/USD and NZD/USD are trading at or near multi-year low: image With the ... (full story)