Rate Hike Speculation Drives Up AUD USD and NZD USD

Strong demand for higher yields is helping to drive up the NZD USD and AUD USD.

Strong demand for higher yields is helping to drive up the NZD USD and AUD USD. Traders are now speculating that the Reserve Bank of New Zealand and the Reserve Bank of Australia will raise interest rates at their next meetings in November. Some investors are even placing trades in anticipation of the RBA hiking as much as 50 basis points.