Forex – Aussie, Kiwi Hover Near Multi-Year Highs in Late Trade

Aussie and kiwi remain supported against weaker greenback – The Australian and New Zealand dollars were hovering near multi-month highs on Thursday, after the release of strong Australian retail sales data and as the greenback came under broad selling pressure following news China .

were up 0.33% at 0.7869, after hitting a three-month high of 0.7886 overnight.

Earlier Thursday, the Australian Bureau of Statistics said retail sales increased by November, beating expectations for an uptick of 0.4% and after a 0.5% rise the previous month.

held steady at 0.7198, just off the previous session’s four-month peak of 0.7229.

Meanwhile, the greenback weakened broadly following reports China could slow or halt its U.S. treasury purchases, with the greenback on track to post its biggest single-day drop against the Japanese yen in seven weeks.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 92.17 by 02:05 a.m. ET (06:05 GMT).

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