Australian Dollar Rises 0.2% as Kiwi Lags
The Australian dollar rose 0.2% to $0.6994 on Monday after ending a four-week losing streak, while the kiwi struggled following seven straight weeks of declines. Investors awaited RBA minutes and jobs data.
The Australian dollar gained ground on Monday, following a break last week in its four-week losing streak. Investors were waiting for the RBA minutes and jobs data for clues about the interest-rate outlook. The New Zealand dollar remained under pressure after seven consecutive weeks of declines. 6994.