AUD/USD has hit its lowest since the middle of July
NZD/USD is faring relatively worse, hitting its lowest since May of 2020.
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ANZ on the Australian vs the New Zealand dollar:
- Markets are factoring in military gains by Ukraine and putting UK political uncertainty behind them, and the AUD is rising to the fore as the preferred Antipodean currency on the perception that the Australian economy is in better shape than New Zealand.
