Australia, NZ dollars position for uncertain RBNZ outcome


Australian dollars are seen in an illustration photo February 8, 2018. REUTERS/Daniel Munoz/ File Photo

SYDNEY: The Australian dollar was trying to extend its recent slow-motion rally on Tuesday, supported by flows out of the yen, while the New Zealand dollar remained hostage to a looming decision on interest rates at home.

The Aussie held at $0.6953, having edged up 0.2% overnight in its third straight session of modest gains. Support comes in at the recent three-month low of $0.6866, while a band of resistance lies at $0.6980/0.7000.

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Australia , NZ , dollar , currency , interest rate , greenback

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