![AUD/USD and NZD/USD Fundamental Daily Forecast – Traders Adjusting Positions to Fed Rate Cut Expectations]( "AUD/USD and NZD/USD Fundamental Daily Forecast – Traders Adjusting Positions to Fed Rate Cut Expectations")
The concurrent rallies in the AUD/USD and NZD/USD do not signify a major shift in investor sentiment. What they probably represent is position-adjustments to the drop in the chances of an RBA rate cut in November, and the jump to 93.5% in the probability of a Fed rate cut at the end of October.
