Tuesday, 19 February 2013 02:50
WELLINGTON/SYDNEY: The New Zealand and Australian dollars marked time in holiday thinned markets on Tuesday holding close to four-year highs against the yen while notching modest gains on the euro on renewed warnings about the European economy.
Near term focus on minutes of the Reserve Bank of Australia's (RBA) February meeting where it elected to keep rates at 3 pct, saying it wanted to assess the impact of past cuts.
Analysts assume it will leave the door open for further easing if needed. Any comment on the strength of the Aussie dollar could have an impact at the margin.
The Antipodeans hold firm on the yen, which remains under selling pressure as Japan signals it will push ahead with aggressive monetary easing, having escaped criticism from G20 countries at the weekend.
The Aussie at 96.72 close to Monday's local level, and in sight of a four-year high of 97.42 touched earlier this month.
The Aussie ...