Australia, New Zealand currencies make the most of US dollar malaise
The Aussie was holding at US$0.7931 after climbing 0.8 per cent overnight while the kiwi was up at US$0.7384, having surged 1.3 per cent
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Sydney
THE Australian and New Zealand dollars held firm on their US counterpart on Thursday as the sudden, and unexpected, return of risk appetite helped offset a sharp rise in US bond yields.
The Aussie was holding at US$0.7931 after climbing 0.8 per cent in a wild session overnight. It had been down as deep as US$0.7774 after US inflation figures surprised on the high side, only to rally sharply when Wall Street and commodities brushed the data aside and swept higher.
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