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- We are looking at the up and coming possible divergence between these two central banks. We believe that the last monetary policy
on the RBA has ticked some of the boxes when it comes to growth and an uptick in inflation
should be enough for the RBA to keep rates on hold and even have some hawkish tones. Where the RBNZ are firmly in a rate cut cycle and looking to cut again in September; Unemployment figures are out the same evening as the RBA rate statement and expected to get worse which could be the catalyst we need to see this currency pair drive back to previous highs.