SYDNEY: The Australian and New Zealand dollars hovered near their highest levels in weeks on Monday ahead of a near-certain hike in Australian interest rates, and likely the promise of more to come.

The Aussie was holding at $0.6997, having run into resistance at Friday’s six-week peak of $0.7032. The kiwi dollar nudged up to $0.6295, after hitting a five-week top of $0.6326 on Friday.

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