Aussie’s One-Year Rally Versus Kiwi Is Peaking, Strategists Say

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Australian dollar’s year-long rally against its New Zealand counterpart may have topped out, as strategists signal hawkish central bank rhetoric in Wellington is bolstering the kiwi’s appeal.The pair retreated from a 13-year peak after the Reserve Bank of New Zealand revealed Wednesday that policymakers discussed raising interest rates to combat stubborn price pressures. The cross weakened further Thursday as Governor Anna Breman said the central bank would respond to any acceleration in core inflation with further rate increases.