SYDNEY: The Australian and New Zealand dollars extended their rapid rally on Wednesday as relatively high local yields drew buyers, and New Zealand's central bank sounded upbeat on the local economy even as it signalled rates would stay low.
The Aussie climbed to $0.7945, its highest since February 2018 and a rise of two cents in just four sessions. The next chart barriers are $0.7988 and $0.8000, ahead of a peak from January 2018 at $0.8136.
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