Archive · Business Recorder
Australia, NZ dollars find some support, trend still down
SYDNEY: The Australian and New Zealand dollars steadied above multi-month lows on Wednesday as a global bond selloff paused overnight, helping risk sentiment in the absence of local data. The Aussie was flat at $0.6982, having edged up 0.2% overnight and further away from the recent 13-week trough of $0.6904. A break above $0.7004 would be needed to stabilise an otherwise bearish technical trend. The kiwi dollar held at $0.5623, after bouncing 0.4% overnight. The trend remains down after six straight weeks of losses. A breach of the 10-month low at $0.5581 would threaten a retreat to $0.5485. ...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →