The Australian dollar depreciated vis-Ã -vis the U.S. dollar today as the Aussie tested bids around the US$ 0.8685 level and was capped around the $0.8745 level. Technically, todayâ€™s intraday high was right around the 38.2% retracement of the move from US$ 0.7675 to $0.9400. Most traders expect Reserve Bank of Australia will maintain a tightening bias for the foreseeable future. Australian dollar bids are cited around the US$ 0.8535 level. The New Zealand dollar gained marginal ground vis-Ã -vis the U.S. dollar today as the kiwi tested bids around the US$ 0.7680 level and was supported around the $0.7610 level. Data released in New Zealand today saw the November trade deficit narrow to â€“NZ$ 646 million. New Zealand dollar bids are cited around the US$ 0.7595 level.
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