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Australia, New Zealand dollars at multi-month lows as yields buffers shrink
SYDNEY: The Australian and New Zealand dollars were pinned around multi-month lows on Friday as the greenback extended its bull run through major chart levels, while bonds found some relief from a rare rally in Treasuries. The Aussie was heading for its fourth straight week of losses as US yields surged and shrank the premium offered by Australian debt to the smallest in a year. That left the Aussie down at $0.6920, having slipped 0.2% overnight to hit a three-month trough of $0.6904. It was down a hefty 1.4% for the week and threatening previous lows at $0.68665 and $0.6834. The currency drew...
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