Australian dollar steadies after setback; rate support intact
AUD steadied after two weeks of losses as a hawkish US rate outlook cooled; AUDUSD was little changed near $0.7128, with home rate hike seen as almost locked in. AUD remained near multi-year highs versus NZD and euro.
7128 after two weeks of losses, as a hawkish shift in the US rate outlook cooled its recent rally. It still held near multi-year highs against the kiwi and the euro, with another rate hike at home all but locked in.