AUD/NZD: Not much changed after New Zealand election

Normally I would have expected the NZD to make some short-term gains against the AUD after an emphatic election win to the sitting Government, but the improvement in general risk conditions in the market has benefitted the AUD, thus leaving the cross unchanged. As I said last week, prospects for both sets of interest rates do favour a medium-term bearish AUD/NZD strategy.