Australian, NZ dollars gain year-end strength

The Australian and New Zealand dollars are ending the year stronger compared to the U.S. dollar.

The Australian dollar has gained over 8% this year, while the New Zealand dollar has gained about 3.5%.

Investors think that the Reserve Bank of Australia might raise interest rates soon because of higher inflation.

The next big meeting for the Australian central bank is in February.

The New Zealand central bank has been cutting rates but might not do so anymore.

Everyone is waiting for new inflation numbers to see what will happen next with interest rates.