AUDNZD leaning AUD way despite growing NZD yields outshining

2021년 2월 18일NZ Ten Year Yields have rocketed up in recent days, reaching a high of 1.54% yesterday. This is a major climb from its yearly opening where it hovered around 1%.
While Australian 10 Year Yields are also growing this year, a more dovish RBA has helped to cap yield gains. At its recent meeting, the RBA opted to increase its quantitative easing program by a further A$100 billion. This is to keep the Central Bank in line with its global peers in a move to stamp out any speculation of premature tapering.
So while the disparity between the two rates continues to climb, the AUDNZD, which is typically strongly correlated with the difference between the two currencies has chosen to diverge and move higher. The continued climb in Iron Ore and Copper prices has provided significant strength to the Aussie and helped it keep ahead of its rival neighbour for now.