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Australian dollar hits 7-month low, kiwi just above a 19-month trough
SYDNEY: The Australian dollar hit a seven-month low on Thursday as a resurgent greenback threatened to push the Aussie through a key support level and extend its slide, while the kiwi hovered near a 19-month trough. The Aussie slipped 0.1% to $0.6838, its weakest since March, after losing 0.3% on Wednesday. It is now perched above support at $0.6834 and a decisive break could take it to levels last seen in January. The kiwi dollar was steady at $0.5569 after tumbling 0.8% on Wednesday, leaving it within striking distance of a 19-month low of $0.5529. Near-term resistance is around $0.5650. The...
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