Australian Dollar Holds Steady Amid Cross-Currency Selling
The Australian dollar held its ground against the US dollar, drawing demand as traders sold off the New Zealand dollar and euro. Local bond markets showed resilience despite global Treasury market volatility.
The Australian dollar held its ground against the greenback on Tuesday as it drew support against the New Zealand dollar and the euro, while local bond markets remained resilient amid the ongoing rout in Treasuries. 3% overnight and moving away from recent pressure.