Credit Agricole: Hawkish RBA hold reinforces long AUD/USD and AUD/NZD ...Middle East

Credit Agricole discusses the impact of the RBA's hawkish hold, arguing it strengthens the case for being long on AUD/USD and AUD/NZD. This decision has reduced speculation about rate cuts and even led to some pricing in potential rate hikes. Meanwhile, NZ’s Chief Economist sounded less hawkish, supporting the long AUD/NZD trade.Key Points:RBA's Hawkish Hold:The RBA's decision to maintain rates while adopting a hawkish tone has diminished expectations of rate cuts this year.This has led to the Australian rates market considering the possibility of a rate hike.New Zealand's Economic Stance:New Zealand's economy has exited a recession, but the Chief Economist's less hawkish tone has influenced

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Credit Agricole: Hawkish RBA hold reinforces long AUD/USD and AUD/NZD ...Middle East

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