Australia, NZ dollars reach 4-month peaks as greenback stumbles
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Sydney
THE Australian and New Zealand dollars racked up fresh four-month peaks on Monday as their US counterpart suffered broad-based selling while optimism over global growth underpinned commodity prices and risk trades.
The Aussie dollar firmed 0.25 per cent to a top of US$0.7937. Support now lies at a former chart barrier of US$0.7898, with resistance lining up at US$0.7940 and US$0.7976.
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