# Aussie, kiwi to cool their heels after red-hot rally - Business & Finance - Business Recorder

> Reuters analysts say the Australian and New Zealand dollars have risen too far, too fast and are likely to pull back near term. The Aussie reached 0.6533, up from a 17-year low of 0.5510 in mid-March, and a poll expects 0.6300 in one month. Westpac warned of a risk-off reversal as the RBA forecasts an 8% contraction in the year to June.

- Date: 2020-05-31 · published 2020-05-31T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/53417-aussie-kiwi-to-cool-their-heels-after-red-hot-rally-business-and-finance
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A stronger AUD makes Australian exports less competitive in global markets, while a risk-off pullback could ease that pressure. The commentary is routine currency market analysis with no new supply or demand event.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/1000154

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.