Hedge Funds Favor Australian Dollar Over New Zealand Currency Ahead of Year-End

Hedge Funds Bet Aussie to Outrun Kiwi on RBA Hike, NZ Vote Risks

Hedge funds are boosting bets that the Aussie dollar will outperform the kiwi heading into year-end as prospects for higher Australian interest rates bolster the currency, while New Zealand’s election clouds the nation’s monetary policy outlook.

By David Finnerty