The New Zealand and Australian Dollars
weakened on Wednesday erasing two day gains as Italy and Spain prepare to sell domestic
bonds tomorrow amid concerns their sovereign ratings may be downgraded. Aussie
depreciated 0.3% to $1.0279 against the greenback while Kiwi lost
0.1% to $0.7935. Currently AUD/USD is trading at $1.0302 while NZD/USD
is trading at $0.7951.
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