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Australian dollar steadies after setback, rate support intact
SYDNEY: The Australian dollar steadied on Monday after two weeks of losses as a hawkish turn in the US rate outlook cooled its recent rally, though it remained near multi-year highs on the kiwi and euro with another rate hike at home all but locked in. The Aussie was little changed at $0.7128, after finishing last week 0.6% lower. It is now well off a recent four-month peak of $0.7238, but support is around $0.7075. Despite recent setbacks against the US dollar, the Aussie hovered near a 13-year top on the kiwi at NZ$1.2441 and a 22-month high on the euro, which fetched A$1.6093, as markets pr...
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