Photographer: Brent Lewin/Bloomberg

Aussie Bears at Odds With Rate Traders as Kiwi Parity Looms

  • Slide contrasts with bets N.Z. cash rate premium to shrink
  • Nomura, ANZ advising clients to buy Aussie versus kiwi

It looks like one of them has to be wrong. As Australian dollar bears bash the currency towards a record low of parity against its New Zealand counterpart, swaps traders are betting the interest-rate premium for the kiwi over the Aussie will shrink.

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