The Australian and New Zealand dollars rose along with global equities on Wednesday as tentative signs of easing Sino-US trade tensions whetted risk appetite. The Australian dollar climbed 0.2 percent to $0.7219, rising above a one-month trough of $0.7170 touched earlier in the week. A gauge of Asia-Pacific shares outside Japan jumped 0.9 percent while US stock futures were upbeat too.
The New Zealand dollar was up 0.2 percent at $0.6887, inching towards a recent six-month top of $0.6969.
The Aussie has had tough year as the Sino-US trade tensions and worries about global growth chilled investor sentiment. The currency has either fallen or remained flat in every single month but two so far in 2018.
The kiwi is down about 3 percent this year after paring most of its earlier losses in November led by better-than-expected economic data.
New Zealand government bonds fell, sending yields about 2-3 basis points higher across the curve.
Australian government bond futures were mixed, with the three-year bond contract flat at 98.035. The 10-year contract added 1 tick to 97.55.
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