Aussie steadies as oil-fuelled risk rally offsets weak domestic surveys

SYDNEY: The Australian and New Zealand dollars held on to gains on Tuesday as a plunge in oil prices fuelled a rally in risk assets, although a string of weak survey results painted a bleak outlook of the Australian economy. The Aussie eased 0.1% to $0.6916 after rallying 1% overnight to as high as $0.6931. The rebound helped recoup part of last week’s 2.5% slide, with support now seen around the…

First reported by Business Recorder 56 min ago1 source

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Business Recorder06:5756 min ago
Aussie steadies as oil-fuelled risk rally offsets weak domestic surveys (opens Business Recorder in a new tab)
SYDNEY: The Australian and New Zealand dollars held on to gains on Tuesday as a plunge in oil prices fuelled a rally in risk assets, although a string of weak survey results painted a bleak outlook of the Australian economy. The Aussie eased 0.1% to $0.6916…

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