Tuesday, 06 September 2011 03:18
WELLINGTON/SYDNEY: The Aussie and New Zealand dollars were sharply lower in thin trade on Tuesday as further worries about euro zone finances and the broader global outlook weighed ahead of a central bank rate call.
* The Aussie down at $1.0536, after hitting a 10-day low of $1.0512 overnight, compared with $1.0590 in late local trade on Monday.
* Aussie seen supported at $1.0525 with resistance at $1.0575 ahead of current account data and the Reserve Bank of Australia's rate call at 0430 GMT.
* Reuters poll shows the central bank is almost certain to keep rates on hold at 4.75 percent for a 10th straight month. Focus will be on the tone of the brief statement and how it balances domestic optimism against global uncertainty.
* A small chance of a cut is still being priced in for today and a total of 81 basis points of easing by Christmas, though ...