Eugenia Victorino 5.0 2 ideas

Victorino explicitly says she is "still very much bullish on the Aussie-Kiwi cross" due to divergence in central bank policies and net energy trade positions, with Australia as a net exporter and New Zealand as a net importer. The Iran war has driven oil prices above $90 per barrel, benefiting Australia's terms of trade while hurting New Zealand's, supporting AUD appreciation against NZD. Long AUD/NZD as a direct play on geopolitical energy shocks and fundamental macroeconomic divergences in the Asia-Pacific region. If the conflict ends abruptly and oil prices plummet, the energy trade advantage could diminish, reducing the divergence.