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SYDNEY/WELLINGTON: The Australian and New Zealand dollars were lower on Friday, taking their lead from iron ore and mining stocks that have been hit after Beijing vowed to stabilise commodities prices.

The commodity-price sensitive Aussie was trading 0.23% lower at $0.7754, having started the week at $0.7787 but far from its monthly low of $0.753. It remains short of its May high of $0.7891.

The New Zealand dollar was also a quarter of a percent lower at $0.7183, trading at or below its previous day close of $0.7202 for most of the session.

Australian 10-year government bond yields were four basis points lower at 1.672%.

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