SYDNEY: The Australian dollar fell back below 73 US cents on Wednesday while its New Zealand peer was weaker too as traders were hesitant to make bold bets ahead of the US Federal Reserve meeting later in the day.
The Australian dollar held at $0.7297, easing from a two-week top of $0.7342 touched on Tuesday following minutes of the country's central bank's Sept. 1 policy meeting.
Australian government bonds have been in solid demand too. The three-year bond futures contract was at 99.740, not far from a four-month high of 99.748 touched earlier this week. The 10-year contract was at 99.09.
The New Zealand dollar was last down 0.1% at $0.6707 following three straight days of gains. Data out earlier showed the country's quarterly current account surplus surpassed expectations at NZ$1.83 billion when analysts were looking for a NZ$0.6 billion windfall.