Skip to main content
Grafa
Forex
Aussie dollar hits 13-year peak on NZD
Image for illustrative purposes only. Not a real photo.

Aussie dollar hits 13-year peak on NZD

Share
  • The Australian dollar reached a 13-year high of NZ$1.23 against the New Zealand dollar.
  • The Aussie dollar held steady at $0.72 against the US dollar while gaining 1% overnight against the kiwi.
  • Diverging central bank interest rate policies between Australia and New Zealand are driving the currency pair.

The Australian dollar reached a 13-year peak of NZ$1.23 against the New Zealand dollar following shifting interest rate expectations across the Tasman.

The 1% overnight jump represented the currency pair’s largest single-day gain since April 2025.

The New Zealand dollar fell after the Reserve Bank of New Zealand issued a dovish rate outlook, while stronger domestic data raised bets that the Reserve Bank of Australia will increase interest rates to 4.85%.

Following the announcement, the Australian dollar share price was unchanged at $0.72 against the US dollar.

Both regional currencies experienced selling pressure against the Japanese yen amid market speculation regarding currency intervention by Japanese financial authorities.

Traders are pricing in a 55% probability of a fourth interest rate increase by Australian policymakers at their late September meeting.


Frequently asked questions