The Australian dollar was subdued against the greenback on Thursday as lower corporate spending plans led to increased bets for an interest rate cut, while the New Zealand dollar held its ground with improving business confidence. The Aussie was last at $1.0462 from $1.0474 in early trade, but was still holding close to Tuesday's two-month peak of $1.0491.
Technically, the immediate support for the currency was seen around $1.0425, with solid resistance around $1.0490/1.0500, keeping it within recent range. Separately, the New Zealand dollar held steady around $0.8245 from $0.8235 early, and close to a three-week peak of $0.8250 hit last week.
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