SYDNEY: The Australian and New Zealand dollars hit new 2025 highs after US President Donald Trump’s fresh tariff threats undermined the greenback, while a rebound in global stocks also aided the risk-sensitive currencies.
The Aussie rallied 0.6% to US$0.6536, the highest since late November. It jumped 1.4% last Friday to break above the 200-day moving average of US$0.6448, with resistance now at around US$0.6550.
