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AUD/USD and NZD/USD Weekly Forecast - RBA to Hold Rates at 1.00%; Hint at Rate Cut in October
The Australian and New Zealand Dollars finished lower last week with the Aussie drifting mostly sideways to lower and the Kiwi hitting a multi-year low. Investors really had nothing to celebrate last week with most focused on future central bank rate cuts, even with the United States and China announcing the resumption of trade talks on Thursday, September 5. Last week, the AUD/USD settled at .6737, down 0.0019 or -0.28% and the NZD/USD finished at .6310, down 0.0086 or -1.35%. U.S. News President Trump said Beijing was actively reaching out to Washington to resume trade negotiations and “make a deal” to end a ... (full story)