By Reuters Staff
3 Min Read
SYDNEY, Dec 16 (Reuters) - The Australian and New Zealand dollars held near multi-year highs on Wednesday as the prospect of a vaccine-led global economic recovery underpinned risk assets and commodity prices.
The Aussie stood at $0.7554, up from a low of $0.7508 and just off a recent peak of $0.7578. That was the highest since June 2018 when it topped out at $0.7677, the next major chart target.
The kiwi held at $0.7086, not far from its own recent high of $0.7120 and up 7% since the start of November.
The Aussie took a knock on Tuesday when China confirmed a ban on Australian thermal coal in an on-going trade spat.