Tuesday, 26 May 2020
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Aussie, Kiwi Shine as Risk Appetite Returns; Dollar Firm
Friday, 10 January 2020 15:50 WIB | CURRENCIES |AUD,Dolar Australia,AussieDolar AS

The Australian dollar and its New Zealand counterpart led gains among major currencies on Friday as easing geopolitical tensions prompted investors to buy riskier currencies with relatively upbeat U.S. economic data this week also benefiting sentiment.

The greenback held firm against a broad basket of its rivals and is on track to post its best week in two months as the prospect of war in the Middle East ebbed as the United States and Iran backed away from further confrontation.

The Aussie gained a third of a percent to $0.68755 though strength were curbed on rising bets of an interest rate cut as early as February due to weeks of bushfires that have cast a shadow over the broader economy.

Against a basket of its rivals, the greenback gained 0.6%, its biggest weekly rise since early November. It held firm at 97.44 on Friday.

Source : Reuters

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