NZD/USD: Dimming Outlook for Australia to Weigh on the Kiwi

The New Zealand dollar is foreseen to weaken opposite the US dollar today as a deteriorating outlook for Australia, its largest trading partner, is likewise seen to dampen prospects for the domestic economy. After a string of bleak economic data was released yesterday, the markets widely expect the Reserve Bank of Australia to cut rates for the fourth time this year.

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AUD/JPY: CPI Data Boosts the Aussie; Yen Falls on BOJ Easing Speculations

The release of the CPI report by the Australian Bureau of Statistics showed Australia's third quarter CPI beating market expectations, reducing speculations of a rate cut by the