AUD and NZD Outperform
The burden of sovereign debt concerns still weighs heavy on the market, despite encouraging data overnight from New Zealand and Australia. Had this been a few weeks ago, such hawkish sentiment would have had a contagion effect across to most other risk assets, but today, AUD and NZD are the sole beneficiaries of the RBNZ outlook and Australian jobs data. It seems clearer now than ever that the…
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