Australian dollar strikes 19-month peak, kiwi on highs for the year

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SYDNEY: The Australian dollar was enjoying the view near 19-month peaks on Wednesday after inflation data slowed much as expected and failed to move the dial on rate cuts, while its New Zealand counterpart touched the highest for the year so far.

The kiwi dollar reached $0.6343, after spiking 1.2% overnight, to be within a whisker of a $0.6369 top from December last year.

Governor Michele Bullock did concede that, for the first time since March, the board had not explicitly discussed a hike in rates, which was taken as slightly dovish by investors.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaNew Zealand

Topics: Dollar /Business/Business News Forex Inflation Currency

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 10:21:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 17 lines

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Copyright Owner: © The Star

News ID: 22701784

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