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New Zealand dollar skids as RBNZ cuts rates, flags more to come

New Zealand dollar skids as RBNZ cuts rates, flags more to come By Wayne Cole SYDNEY, Aug 14 (Reuters) - The New Zealand dollar slammed into reverse on Wednesday after the central bank cut interest rates a year earlier than its own projections and signalled a lot more to come, sending bond yields diving. The Reserve Bank of New Zealand (RBNZ) wrapped up its latest policy meeting by cutting the official cash rate (OCR) by 25 basis points to 5.25%, the first easing since early 2020. "With headline
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Australian dollar tests resistance, kiwi awaits rate fate

Australian dollar tests resistance, kiwi awaits rate fate By Wayne Cole SYDNEY, Aug 13 (Reuters) - The Australian dollar was bumping up against resistance on Tuesday as an extended rally in Japanese stocks lifted risk sentiment, while the New Zealand dollar kept its nerve before a decision on interest rates. The Aussie edged up $0.6592 AUD=D3 , and within a whisker of the 200-day moving average at $0.6598. The next targets are $0.6625 and $0.6700, with support at $0.6550. The kiwi dollar was a s
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Australian, NZ dollars calm before RBNZ meet, markets look for rate cut

Australian, NZ dollars calm before RBNZ meet, markets look for rate cut SYDNEY, Aug 12 (Reuters) - The Australian and kiwi dollars were calm on Monday after ending a turbulent week with gains, although volatility lies ahead as markets position for a first rate cut in New Zealand before a key U.S. inflation test . The kiwi NZD=D3 climbed 0.2% to $0.6012, building on last week's 0.7% rise as risk sentiment returned after a drastic sell-off in markets.
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Australia, NZ dollars digest gains as risk returns to the menu

Australia, NZ dollars digest gains as risk returns to the menu By Wayne Cole SYDNEY, Aug 9 (Reuters) - The Australian and New Zealand dollars were looking to end a wild week with solid gains on Friday as U.S. recession worries waned for a moment, allowing risk assets to make a comeback. An unexpectedly sharp drop in U.S. jobless claims was enough to see Wall Street bounce and the Nikkei extend its rally from Monday's dizzying decline, pulling the safe-haven yen down in the process.
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Australia dlr climbs on kiwi as market bays for NZ rate cut

Australia dlr climbs on kiwi as market bays for NZ rate cut By Wayne Cole SYDNEY, Aug 8 (Reuters) - The Australian dollar jumped on its New Zealand rival on Thursday as investors ramped up bets for a kiwi rate cut as soon as next week, while pushing out the timing for an easing at home. New Zealand rate markets rallied sharply after the Reserve Bank of New Zealand (RBNZ) reported its survey of inflation expectations had seen the two-year outlook sink to 2.03% for the September quarter, from 2.33
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Australia, NZ dlrs jump on yen as BOJ turns cautious

Australia, NZ dlrs jump on yen as BOJ turns cautious By Wayne Cole SYDNEY, Aug 7 (Reuters) - The Australian and New Zealand dollars rallied on Wednesday as surprisingly dovish comments from the Bank of Japan boosted risk sentiment and dragged the yen sharply lower. The kiwi dollar got an added lift from jobs data that were not as dire as bears had wagered on, leading markets to scale back the chance of an imminent rate cut.
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Australia dollar steadies as RBA pushes back on rate cut calls

Australia dollar steadies as RBA pushes back on rate cut calls By Wayne Cole SYDNEY, Aug 6 (Reuters) - The Australian dollar steadied on Tuesday after the central bank held interest rates steady as expected and maintained a hawkish tone on the outlook, even as markets wager its next move will be a cut. The Reserve Bank of Australia (RBA) kept its cash rate at 4.35% but cautioned that policy would have to remain restrictive enough to ensure stubborn core inflation returned to its target.
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Australia, NZ dollars struggle amid flight to safety; bonds rally

Australia, NZ dollars struggle amid flight to safety; bonds rally SYDNEY, Aug 5 (Reuters) - The Australian and New Zealand dollars started the week on the back foot after weak U.S. jobs data magnified recession fear, triggering mass risk aversion, while bonds rallied to 14-month highs on prospects of earlier interest rate cuts at home. The currencies are also likely to be somewhat volatile ahead of a policy meeting at the Reserve Bank of Australia on Tuesday where a hold is widely expected and k
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Australia, NZ dollars grapple with risk aversion as US growth fears weigh

Australia, NZ dollars grapple with risk aversion as US growth fears weigh SYDNEY, Aug 2 (Reuters) - The Australian dollar was pinned near three-month lows on Friday as weak U.S. data fuelled fears of a sharp slowdown in the world's largest economy, sending investors to the embrace of the safe-haven yen and Swiss franc. The Aussie held at $0.6501 AUD=D3 , having fallen 0.5% overnight to just above a three-month low of $0.6480 hit on Wednesday.
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Australia, NZ dollars off the floor, bonds build big rally

Australia, NZ dollars off the floor, bonds build big rally By Wayne Cole SYDNEY, Aug 1 (Reuters) - The Australian and New Zealand dollars steadied above recent lows on Thursday as a sharp fall in U.S. yields sparked a round of short-covering in the beaten-down currencies, while bonds extended gains on hopes of early rate cuts. The Aussie held at $0.6540 AUD=D3 , having bounced from a three-month low of $0.6480 overnight.
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Australian dollar skids to 3-month low as market swerves to rate cuts

UPDATE 1-Australian dollar skids to 3-month low as market swerves to rate cuts Adds analyst quote, BOJ decision, updates prices By Wayne Cole SYDNEY, July 31 (Reuters) - The Australian dollar skidded to a three-month trough on Wednesday after a softer reading on core inflation snuffed out speculation interest rates would have to rise again and sent bond futures surging.
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Australian dollar skids to 3-month low as market gives up on rate hike

Australian dollar skids to 3-month low as market gives up on rate hike By Wayne Cole SYDNEY, July 31 (Reuters) - The Australian dollar skidded to a fresh three-month trough on Wednesday after a softer reading on core inflation snuffed out speculation interest rates would have to rise again and boosted the bond market. Data showed the headline consumer price index rose at an annual 3.8% in the second quarter, matching market forecasts.
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AUD bulls and FX options alert for key Australian Q2 CPI

BUZZ-COMMENT-AUD bulls and FX options alert for key Australian Q2 CPI July 30 (Reuters) - Wednesday's Australian Q2 CPI data could boost the Australian dollar, even if it fails to beat expectations, but higher premiums for overnight-expiry AUD-related FX options aren't taking that for granted . Expectations for an Australian rate hike next week will increase from the current 25% probability being priced by futures markets if CPI beats expectations, and that would lift the AUD.
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Australia, NZ dlrs vulnerable to volatility as inflation test looms

Australia, NZ dlrs vulnerable to volatility as inflation test looms By Wayne Cole SYDNEY, July 30 (Reuters) - The Australian and New Zealand dollars were pinned near multi-month lows on Tuesday as investors counted down to key local inflation data and a trio of central bank meetings abroad that are certain to generate market waves. The Aussie dipped to $0.6535 AUD=D3 , just above last week's three-month trough of $0.65105. Support lies around $0.6455, with resistance at $0.6595. The kiwi dollar
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Australia, NZ dollars get reprieve, CPI in focus

Australia, NZ dollars get reprieve, CPI in focus SYDNEY, July 29 (Reuters) - The Australian and New Zealand dollars managed to fend off selling pressure on Monday, as the results of a key inflation report at home and a trio of major central bank meetings this week could help reverse their recent downward trajectory. The Aussie AUD=D3 rose 0.2% to $0.6560, having tumbled 2.1% last week to a three-month low of $0.6510. Resistance lies around the 200-day moving average of $0.6590. The outcome of a
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Australia, NZ dlrs set for biggest two-week drop in almost two years

Australia, NZ dlrs set for biggest two-week drop in almost two years By Stella Qiu SYDNEY, July 26 (Reuters) - The Australian and New Zealand dollars were set for the biggest two-week drop in nearly two years as a bout of global risk aversion, sustained selling against the yen and China's lacklustre easing measures drove them sharply lower. After falling for nine sessions to a three-month low, the Aussie steadied on Friday and was last up 0.1% at $0.6546. It is, however, set for a weekly loss of
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Australia, NZ dlrs in full retreat as investors rush from risk

Australia, NZ dlrs in full retreat as investors rush from risk By Wayne Cole SYDNEY, July 25 (Reuters) - The Australian and New Zealand dollars huddled near three-month lows on Thursday as a gathering sell-off on global share markets soured investor appetites, boosting safe havens such as the yen and Swiss franc. Disappointing surveys on European manufacturing also added to concerns about world growth and squeezed commodities, with copper skidding to its lowest in three months.
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Australia, NZ dlrs slump as yen, commodities conspire against them

Australia, NZ dlrs slump as yen, commodities conspire against them By Wayne Cole SYDNEY, July 24 (Reuters) - The Australian and New Zealand dollars were fast approaching major chart bulwarks on Wednesday as sustained selling against the yen and general weakness in global commodity prices sapped sentiment. The Aussie was cowering at a five-week low of $0.6605 AUD=D3 , having fallen another 0.4% overnight.
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Australia, NZ dollars extend losing streak over China fears, carry trades unwind

Australia, NZ dollars extend losing streak over China fears, carry trades unwind SYDNEY, July 23 (Reuters) - The Australian and New Zealand dollars extended their losing streak on Tuesday, hammered by fears over China's economy as small cuts to interest rates failed to impress, while carry trades continued to unwind amid increased market volatility. The Aussie AUD=D3 slipped 0.1% to $0.6636, having tumbled 0.6% overnight to as far as $0.6632, a three-week low.
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Australia, NZ dlrs extend losses as risk sours and China cuts rates

Australia, NZ dlrs extend losses as risk sours and China cuts rates SYDNEY, July 22 (Reuters) - The Australian and New Zealand dollars extended losses on Monday as Asian stocks slid amid uncertainties in the U.S. presidential race and as China's surprise decision to cut interest rates weighed on the yuan. The Aussie AUD=D3 hit a three-week low of $0.6662 before paring some losses to be down 0.1% at $0.6673. It had tumbled 1.5% last week, with support now at $0.6667. The kiwi dollar NZD=D3 hit a
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