The RBA is expected to hold rates at 3.6% today after August’s third cut this year, as Australia’s labour market stays tight and CPI rose to 3% y/y in August, its highest since July 2024. In contrast, New Zealand faces rising unemployment at 5.2%, fueling expectations of a more dovish RBNZ. Widening AU–NZ yield spreads continue to support AUD/NZD strength, with the pair near a three-year high at 1.1390 and eyeing resistance at 1.1470.
30-09-2025 04:03 GMT
by Kelvin Wong