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Sep 06 - 05:00 PM
AUD: Long AUD/NZD Attractive Around Next Week's NAB Survey - ANZ
First appeared on eFXplus on Sep 06 - 01:00 PM

ANZ Research flags a scope for AUD/NZD upside from next week's August NAB Survey.

"A surprisingly strong rebound in house prices in August – on the back of surging auction clearance rates and lower mortgage rates – means housing finance is all but certain to increase," NAB notes. 

Following a zero contribution from underlying business investment to Q2 GDP, we expect business conditions to improve modestly in the August NAB Survey. This result would benefit the AUD, and we favour the AUD/NZD, given there will be little New Zealand data this week,' NAB adds. 

Source:
ANZ Research/Market Commentary

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