Kiwi and Aussie to strengthen further?

Commodity currencies like AUD and NZD have finished correction. One of the biggest gainers against the greenback last week was kiwi. Strong economy, new RBNZ hawkish governor, expectations of monetary policy tightening were the fundamental factors supporting the pair. In addition, commodity market picked up the momentum on strong equities bullish rally. Aussie was a bit slower, but also gained against the greenback. I expect further appreciation of both NZD/USD and AUD/USD next week in case if there would not be any disappointment from economic calendar, which is rather packed with events from both countries.

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