From the FXWW Chatroom: Fridays low in the AUDNZD 1.0775 was indicative of 2yr swaps spreads falling from recent highs of +11 bp over this week, following strong GDP from Australia, that 2yr swap spread move has been unwound, and subsequently the AUDNZD cross rate has bounced back to 1.0900. A continued widening of the swap spread back above +12-15 basis points opens AUDNZD to test 2018 highs above 1.1050.
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