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Australia, NZ dollars brace for volatility as rate risk looms
SYDNEY: The Australian and New Zealand dollars flatlined on Tuesday as investors braced for major event risks in both countries that will set the outlook for interest rates in coming months. The Aussie idled at $0.7020, having eased 0.2% overnight after faltering at $0.7040 resistance. Support lies around $0.7005 and $0.6895. The kiwi dollar edged up to $0.5690, after losing 0.3% overnight. Resistance lies at $0.5710 and $0.5750, with support at $0.5668 and $0.5566. The Reserve Bank of New Zealand is widely expected to lift its official cash rate a quarter point to 3.0% on Wednesday as high en...
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