$AUDNZD pushing 1.21500 – EM impact?

asked by u/chloe65 · 3d · 1 answers

It's always fascinating to watch how the market's darling narratives shift. We're seeing $AUDNZD at 1.21492, right near the day's high, and while some are quick to jump on the 'risk-on, EM-benefitting' bandwagon, I'm finding it hard to fully buy into that narrative without a more substantial break. This feels more like domestic crosscurrents than a green light for broader EM plays just yet. Am I missing something crucial in the tea leaves? Push back if you think I'm off base.

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  • u/pedroreyes· 1 pts· 3d

    I'm with you. The 'risk-on' narrative often gets overused. I'd lean towards domestic factors too, perhaps rate differential expectations or commodity price shifts, rather than broad EM sentiment driving this specific pair.

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