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Australian and New Zealand dollars hold gains as markets await US data.newsyel

Australian and New Zealand dollars hold gains as markets await US data


The British pound and the New Zealand dollar are rising


HONG KONG (Reuters) - The Australian and New Zealand dollars held on to their recent gains and hovered near multi-week highs on Thursday, in line with investors' appetite for risky assets such as stocks, but little changed ahead of the release of inflation data. American Thursday.

These data may provide new indications to traders regarding the pace of monetary tightening of the Federal Reserve (the US central bank).

The Australian dollar was last trading at $0.7174, not far from the 0.7194 recorded the previous day, which is close to a three-week high.

The New Zealand dollar, at $0.6682, came close to a two-week high of $0.66975 on Wednesday.

The improvement in sentiment did not affect the Japanese yen, which is a safe haven currency, and it was traded at $115.61.

The dollar index settled at 95.561, and it also witnessed little change during the week, after two weeks of fluctuations.

The euro was at $1.1423 and fell this week after European Central Bank President Christine Lagarde said on Monday that there was no need for significant monetary tightening.

The British pound settled at 1.353 dollars.

As for cryptocurrencies, Bitcoin settled at $44,200, just below a five-week high hit on Tuesday. (Prepared by Newsell for the International Bulletin - Edited by Taha Al-Alathwary)