AUD/NZD lows will not last
The cross touches near parity this month
The Australian dollar's recent plunge against its neighbour, the New Zealand dollar, which saw it come within a whisker of parity this month, will not last for much longer, say strategists, as China's growth stabilises and volatility in asset markets subside.
The Aussie and Kiwi have both taken a hit from the US dollar bull run in recent months, with the former particularly affected by the slowdown in China's growth. The price of iron ore, Australia's main export, has also fallen by about 30% in
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