Australia, NZ dollars brace for US inflation data

SYDNEY: The Australian and New Zealand dollars were subdued on Tuesday ahead of a key US inflation report that has the potential to bring forward or delay the start of global rate cuts, while bonds were vulnerable after recent gains.

The Aussie was flat at $0.6615, having slipped 0.2% overnight to as low as $0.6597. It has failed to stand above $0.6625, which was the top multiple times in late January, and has support at the 200-day moving average of $0.6562.

The kiwi dollar was holding at $0.6173 after easing 0.1% overnight to a low of $0.6161. Resistance is around $0.6217, while support is around $0.6150.