Published on, Aug. 25 -- August 25, 2025 3:23 PM
The Australian and New Zealand dollars largely held their gains on Monday, following a dovish shift by the US Federal Reserve that weakened the dollar and provided support to both currencies. Investors remain cautious, balancing expectations of future rate cuts against ongoing economic uncertainties.
The Aussie slipped 0.1% to $0.6485, after rallying 1.1% on Friday from a two-month low of $0.6415. Analysts say the 65-cent level acts as strong resistance, and the currency may face downward pressure if upcoming economic data disappoints.
Meanwhile, the New Zealand dollar eased 0.2% to $0.5856, after rebounding 0.9% on Friday from a four-month trough near 58 cents. Despite the recovery, the...
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