The Australian and New Zealand dollars held tight ranges on Tuesday as traders awaited results from the US midterm elections, the first major test of President Donald Trump's big tax cuts and trade policies. The elections are expected to boost the Democratic Party's representation in the lower house. The Australian dollar was last flat at $0.7211. The currency had been volatile in recent sessions, hitting a five-week peak of $0.7259 last week but has since stabilised. Across the Tasman Sea, the New Zealand dollar traded at $0.6651, not far from a recent five-week high of $0.6689.
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