The Australian and New Zealand dollars found a tentative footing on Tuesday, following recent steep declines on the dollar and yen, aided by less dovish than expected comments from Australia's central bank and firmer stocks in Asia. The Aussie dollar nudged up as far as $0.9941 from $0.9888 in New York, having bounced from last week's lows of $0.9862. Still, it has lost more than 3 percent this month on eurozone worries.
The Aussie last stood at $0.9934, with immediate resistance seen at $0.9969, and support at $0.9862. The New Zealand dollar nudged up half a cent to $0.7594, also aided by the RBA minutes, and was seen at the behest of outside influences. The kiwi notched modest gains against the Aussie, with the cross rate in sight of three week lows at NZ$1.3071.
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