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Australia, NZ dollars steady above lows; bonds get some relief
SYDNEY: The Australian and New Zealand dollars found a sliver of support on Friday as a sharp fall in Treasury yields restrained the greenback while boosting bonds, though both currencies remained precariously poised near multi-month lows. The rare rally in US debt pulled their yields down from a 24-year peak and came as a relief to markets globally after weeks of heavy selling. Australian 10-year yields fell 6 basis points to 5.345%, nudging them away from the recent 15-year top of 5.428%. That helped the Aussie steady at $0.6960, having edged up from a $0.6933 trough overnight. Support lies ...
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