The Aussies are sooks, which is why they're cutting interest rates
Aussie firms and consumers think their economy is in worse shape than it is: this outbreak of the economic 'sooks' is the cause of the exchange rate disparity.
The New Zealand dollar could rise above the Australian currency today for the first time since 1973.
The transtasman cross rate has been rising since 2010 and the Reserve Bank of Australia monetary policy decision this afternoon is widely expected to be a catalyst for a further drop in the
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Rob Hosking
Tue, 07 Apr 2015
Tue, 07 Apr 2015
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The Aussies are sooks, which is why they're cutting interest rates
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