Australian and New Zealand dollars up

The Australian and New Zealand dollars edged higher on Monday, underpinned by a surging yuan, though investors remained wary about fiscal woes in the United States and uncertainty in Europe. The kiwi dollar rose 0.2 percent on the day to $0.8163, from $0.8144 in New York on Friday. The Australian dollar gained a quarter of a cent on the day to fetch $1.0425, getting closer to a six-week high of $1.0480 touched last week.
The Aussie rose to 82.79, having struck a six-month peak above 84 yen last week, while the kiwi nudged up to 64.83. The kiwi struggled against the Aussie, which sat within a whisker of a two-month high of NZ$1.2788 set on Friday.