The Australia dollar stood within sight of two-year highs on Tuesday as the country's central bank made its bluntest warning yet that further rate rises would likely be needed to keep inflation in check. All of which kept the Aussie firm around $0.9452, after stretching as far as $0.9495 overnight. Support is seen at $0.9425 and $0.9385 while bullish technicals still target highs from July 2008 at $0.9529 and $0.9586.
The Aussie also had a strong session on the yen rising to a four-month high at 81.42 before pulling back a little. The NZ dollar was steady at $0.7283 on Tuesday, after keeping a narrow $0.7274 to $0.7306 range.
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