SYDNEY/WELLINGTON: The Australian and New Zealand dollars were little changed in thin trading on Monday, after a volatile week that ended with both currencies benefiting from a weaker dollar on Friday following disappointing US non-farm payrolls data.
The Aussie was trading 0.4% lower at $0.7739 against the greenback at midday in Asia, having gained 1.04% on Friday, which partly recovered falls that tested support at $0.7646 the previous day.
Before the moves sparked by the US jobs figures, the Aussie had been trading within the $0.7677/$0.7891 band since May.
The New Zealand dollar was 0.01% higher at $0.7213 in holiday-thinned trade. After a volatile week, the kiwi is now also in the middle of its range of $0.7116 to $0.7316 since mid-April.
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