AU, NZ dollars decline on risk aversion
The aussie performed well on Thursday, buoyed by strong jobs data from Australia. The aussie added 2.89% against the kiwi, 0.58% against the yen, 0.38% against the euro and 0.26% against the loonie for the day.
The aussie was trading mixed in Asian deals. While the aussie slipped against the greenback and the yen, it was steady against the kiwi and the euro.
The aussie has been steady against the kiwi, with the pair trading in the 1.1061-1.1029 range.
The NZ dollar declined by 0.78% to hit nearly a 5-year low of 0.6953 against the US dollar. The kiwi-greenback pair was valued at 0.7008 at Thursday's close. The kiwi is poised to challenge support around the 0.68 mark.
Data from Statistics New Zealand showed that New Zealand's food prices rose 0.4% on month in May, following the 0.3% decline in April.
Fruit and vegetable prices were up 0.3% on month, while meat, poultry, and fish prices rose 1.0% and grocery food prices gained 0.1%.
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