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 furt...
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 hel...