AUD/NZD Volatility Eruption Window Opens With RBNZ and CPI

AUD/NZD volatility tends to surge around RBNZ rate decisions and Australian CPI, with hourly ranges running several times wider than normal. David Scutt, StoneX Media Senior Market Analyst, explains what markets are pricing for the RBNZ and RBA, and why the Aussie and Kiwi have gone quiet. Quarterly trimmed mean inflation, the RBA's preferred underlying measure, shapes RBA rate hike odds after a sharp hawkish repricing. The RBNZ decision hinges on guidance as much as the move, and AUD/NZD has tracked the two-year yield spread, so a surprise from either central bank tends to show up in the cross. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_david_scutt&utm_content=share 00:00 - AUD/NZD Calm Before Eruption 00:37 - RBNZ Hike Priced, Tone Isn't 01:10 - Trimmed Mean Decides RBA Odds 02:26 - AUD/USD Swings on CPI and RBNZ 02:58 - AUD/NZD Shadows Yield Spread 04:39 - Aussie, Kiwi Bounces Hit a Lid Like and subscribe for more financial market insights. #StoneX #DavidScutt #Forex #RBNZ #RBA --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social