The Aussie dollar gained some traction on Friday as markets trimmed the risk of deep interest rate cuts following cautiously upbeat comments from Australia's top central banker. The Aussie dollar gained half a cent to $1.0480, after Reserve Bank of Australia (RBA) Governor Glenn Stevens told Parliament the nation was well positioned to tackle any further global weakness.
The Aussie climbed as high as $1.0503 and has gained nearly 1 percent this week. Major resistance is seen at $1.0535 and support pegged at the overnight low of $1.0419. The New Zealand dollar rose a third of a cent to $0.8310, dragged up by the Aussie. It has gained 1.6 percent this week.
Against the kiwi, the Aussie held firm around NZ$1.2610 from NZ$1.2593, well off a one-year trough of NZ$1.2305 struck earlier in August. The Antipodeans also advanced on other currencies. They gained around 0.3 percent each against the safe-haven yen and Swissy as markets are wary of intervention. They also rose against the pound and euro.
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