The Australian dollar moved higher vis-Ã -vis the U.S. dollar today as the Aussie tested offers around the US$ 0.9085 level and was supported around the $1.9440 level. Traders continue to bid the A$ higher as traders anticipate additional monetary tightening from Reserve Bank of Australia. The markets are currently pricing in another 25bps of rate hikes from RBA in March. Data released in Australia today saw the NAB January business confidence index fall to its lowest level since September 2001. Australian dollar bids are cited around the US$ 0.8990 level. The New Zealand dollar appreciated vis-Ã -vis the U.S. dollar today as the kiwi tested offers around the US$ 0.7955 level and was supported around the $0.7865 level. New Zealand dollar bids are cited around the US$ 0.7840 level.
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