The Australian Dollar weakens against the New Zealand Dollar for a third day amid RBNZ policy expectations lifting the NZD.
The AUD/NZD pair fell for the third consecutive session, trading near 1.2020 in Asian hours on Friday. The decline reflects renewed strength in the New Zealand Dollar as markets price in a more hawkish stance from the Reserve Bank of New Zealand.
Prior to this, the pair had stabilized around 1.2100 earlier in the week, but RBNZ commentary and policy signals have shifted sentiment. The NZD’s resilience contrasts with the AUD’s relative softness, driven by diverging monetary policy outlooks between the two central banks.