Aussie ascendant before RBA; yen pressured by rising U.S. yields [Reuters]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Reuters
The Aussie and New Zealand dollars were also supported by signs that the United States might soon ease tariffs on key trading partner China. Australia's currency climbed 0.29% to $0.6888, while New Zealand's kiwi rose 0.21% to $0.6222. At the same time, the U.S. dollar was up 0.35% at 136.165 yen , gaining support from a strong rebound in the 10-year Treasury yield , which jumped to 2.9780% in Tokyo on Tuesday from the lowest since May at 2.7910% on Friday. There was no trading in Treasuries on Monday, with U.S. markets closed for the Fourth of July holiday, which also resulted in thin currency-market trading. Economists polled by Reuters expect the Reserve Bank of Australia on Tuesday will deliver another half-percentage-point rise in interest rates as it fights to tame inflation at two-decade highs, matching the increase it delivered last month in a hawkish surprise. read more The Aussie was also supported by a Wall Street Journal report that the White House would announc
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