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U.S. Dollar Extends Decline Against Australian, NZ Dollars
(RTTNews) - The U.S. dollar extended decline against the Australian and New Zealand dollars in the New York session on Wednesday.
The greenback touched 9-day lows of 0.6297 against the aussie and 0.5702 against the kiwi, down from its early highs of 0.6240 and 0.5645, respectively. The next possible support for the greenback is seen around 0.65 against the aussie and 0.60 against the kiwi.
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Antipodean Currencies Rise Amid Risk-On Mood
The antipodean currencies such as the Australia and the New Zealand dollars strengthened their major currencies in the Asian session on Friday amid increased risk-on mood by the investors, as weaker than expected U.S. consumer price inflation and producer price inflation data as well as recent downbeat monthly jobs data have reinforced expectations of a U.S. Fed rate cut at next week's meeting.
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NZ Dollar Advances Against Most Majors
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Friday.
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the Asian session on Thursday.
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Antipodean Currencies Rise Amid Risk-on Mood
The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Wednesday, amid growing optimism about the outlook for interest rates after sharp downward revisions in U.S. jobs data and ahead of the release of the closely watched US inflation data later in the week. Currencies in the region also strengthened against the US dollar.
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NZ Dollar Advances Against Most Majors
The New Zealand dollar strengthened against most major currencies in the Asian session on Wednesday.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.
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