Archive · Business Recorder

Australia, NZ dollars on defensive as spreads shrink

Global Published 8 October 2026, 11:25 · archived 8 Oct 2026

SYDNEY: The Australian and New Zealand dollars were back on the defensive on Thursday as jitters in European debt markets benefited the super-liquid greenback most, while adding to pressure on local bonds. Concerns about French deficits widened the spread between French and German 10-year bond yields to the largest since 2012, with the strain spreading to Italian and Greek bonds overnight. The stress dragged the euro down to a 22-month trough against the Aussie at A$1.6039, but also undermined risk sentiment and gave the greenback a bigger lift. That left the Aussie at $0.6965, having fallen 0...

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 →