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Australian, NZ dollars weaken as oil rally dampens risk appetite
SYDNEY: The Australian and New Zealand dollars fell on Monday as soaring oil prices, supported by fresh supply disruptions in the Gulf, fuelled expectations of further global policy tightening and weighed on risk sentiment. The Aussie, often seen as a proxy for risk appetite, weakened 0.3% to $0.7148 after losing 0.4% last week, retreating from a four-month high of $0.7238. The currency had been supported by hawkish central bank rhetoric, with support seen at $0.7122 and $0.7067. The kiwi dollar also slipped 0.3% to $0.5796, its lowest point since late July, extending a 1.2% fall from last wee...
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