The Australian dollar retreated further on Tuesday after the Reserve Bank of Australia (RBA) left the door ajar for a rate cut if the economy took a turn for the worse, while the New Zealand dollar kept a steady footing. The Aussie nudged lower to $1.0451, from $1.0471 in early trade, off Friday's near six-month peak of $1.0625.
The New Zealand dollar was firm at $0.8273, from $0.8258 in early trade, as short positions in US dollars were trimmed. The kiwi marched to a six-month peak of $0.8354 on Friday. The Aussie slipped further against the kiwi after the RBA minutes, to be at NZ$1.2639, after hitting a near five-month low of NZ$1.2617 earlier. The strongly performing euro left the Antipodean currencies trailing in its wake. It rose to a three-month peak against the Aussie at A$1.2545, leaving the way open for a retest of the 2012 high of A$1.3037. It was last at A$1.2521. Against the kiwi, it climbed to a two-week high of NZ$1.5901 to last fetch NZ$1.5827.
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