FXstreet.com (Sydney) - The AUD gained on the Kiwi once gain as the pair rose 0.18% to be trading at 1.2618. After opening at 1.2596 the pair posted an intraday high of 1.2636 before settling at 1.2618.

The AUD had generally lost ground as commodity prices fell. There are concerns also that the Aussie may be overvalued by at least 1% and this may place pressure on the currency. However, consumer spending in New Zealand rose a modest 0.1% in the September quarter.

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