Aussie and Kiwi extend gains on developments in Europe

Note: This section contains information in English only.
Source: Bloomberg
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New Zealand and Australian Dollars kept appreciating against most of their peers on Tuesday on investor optimism EU finance ministers have come closer to the solution of region's debt crisis amid Greek progress in debt swap agreement. Aussie climbed to $1.0525 while Kiwi surged to $0.8111 on Tuesday trade. Australian Dollar currently might be overpriced, suggest some analysts. Currently AUD/USD is trading at $1.0503 while NZD/USD is trading at $0.8106.

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