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Pictet: NZDAUD “destined” for near-parity rise

The Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) left official cash rates unchanged after February’s monetary policy meetings, but Pictet believes NZD to be the more attractive currency to go long on due to its stronger growth outlook. NZD “destined to appreciate” to near-parity levels against AUD A currency that is ‘too strong’ would be a key…

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