The New Zealand and Australian dollars firmed on Friday after the US currency dipped following another threat of a ratings downgrade for the United States, though trade was thin ahead of the release of European bank stress tests. The Australian dollar nudged higher to $1.0734, from $1.0717 in New York.
The currency, which has gained 5 percent this year, remained within sight of a two-month peak of $1.0807 struck on Tuesday. Resistance is seen at $1.0813, with support from $1.0692. Across the Tasman Sea, the New Zealand dollar held steady at around $0.8415, from an intraday high of $0.8445 in slow trade. It hit a fresh 30-year high of $0.8507 on Thursday after data showed surprisingly robust economic growth.
Comments
Comments are closed.