The Australian and New Zealand dollars consolidated hefty gains on the US dollar and yen on Wednesday, underpinned by internationally attractive yields and hopes Greece will eventually reach a debt deal. The Aussie was firm at $1.0791, having reached a six-month peak of $1.0823 the previous session.
It jumped one percent on Tuesday after the Reserve Bank of Australia surprised by holding rates steady at 4.25 pct, when the market had been wagering on a cut of 25 basis points. The New Zealand dollar also stood strong at $0.8356, edging closer to a five-month high of $0.8380 struck late last week. The Aussie/kiwi pair was steady around NZ$1.2903, pulling back from a one-week high around NZ$1.2961 hit on Wednesday after the RBA rate decision.
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