It’s hardly surprising that these two close countries should share a currency pair, too. Both of the currencies involved in the AUD/NZD (Australian Dollar New Zealand Dollar) pairing typically trade very similarly, due both to geographic location and key trading partners. Cross moves generally depend on their actual internal economy, and global trends don’t typically influence this pair. Commodity markets do play a huge role for both currencies, especially meat, mile, wool and metal/energy products.
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