The Australian and New Zealand dollars were mostly steady on Tuesday with the kiwi hunkering down near a post-float peak in the lead up to local inflation data. Caution ahead of Federal Reserve Chair Janet Yellen's testimony due later in the day and a batch of data on Wednesday from China, the top export market for Australia and New Zealand, kept both Antipodean currencies hemmed in.
The Aussie was little changed at $0.9394, having traded in a narrow $0.9384/9402 range so far this session. It continued to hug the 94 cent mark, which it has been flirting with since early April. Its kiwi peer traded at $0.8806, not far from a post-float peak around $0.8842 set back in August 2011. It came within a whisker of that high last week, but has since been looking for a fresh catalyst.
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