{
  "id": 1659860,
  "title": "Australia, NZ dollars near multi-week peaks as greenback creaks",
  "url": "https://urgent.news/2026/08/18/australia-nz-dollars-near-multi-week-peaks-as-greenback-creaks-1659860",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-18T06:41:37.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40435359/australia-nz-dollars-near-multi-week-peaks-as-greenback-creaks"
  },
  "original_language": "en",
  "account": "The Australian and New Zealand dollars reached near multi-week peaks on Tuesday as the U.S. dollar weakened across the board, even though Treasury yields surged, reigniting discussions about diversification away from the greenback. The Australian dollar climbed to $0.7111, up 0.3% from the previous day and touching a 10-week high of $0.7129. Breaking the $0.7088 resistance level, the greenback's decline made it more appealing to investors, pushing the yen to 113.27 and extending its recovery from a low of 109.19 after Japan and the U.S. intervened in late July. Meanwhile, the New Zealand dollar also hit a 10-week high at $0.5904, nearing a double top around $0.5993 with support at $0.5821 and $0.5762. Deutsche Bank's macro strategist, Tim Baker, pointed out that recent U.S. economic data was below expectations, while other developed economies' news had been positive. He suggested that this was affecting the U.S. growth narrative, not implying the country was in poor shape but highlighting how the dollar often trails growth improvements elsewhere. An Australian consumer sentiment survey released on Tuesday revealed a significant improvement, following the Reserve Bank of Australia's decision to keep interest rates at 4.35% after three increases earlier in the year. Job data is expected on Thursday, with forecasts indicating a 15,000 increase in July, adding to the June surge of 76,300. The unemployment rate is expected to remain steady at 4.4%. Treasury yields for Australian 10-year bonds rose to 5.047%, a 6-basis-point increase in two sessions, making the spread over U.S. debt barely changed at 32 basis points. Australia plans to sell a new 2038 bond on Tuesday, anticipating strong demand. Additionally, tech giant Alphabet is set to issue its first bond in Australia, potentially the largest corporate issuance in the country's history.",
  "summary": "SYDNEY: The Australian and New Zealand dollars were perched near multi-week highs on Tuesday as the greenback eased broadly despite a spike in Treasury yields, rekindling talk of diversification from the US currency. The Aussie was up at $0.7111, after rising 0.3% overnight to reach a 10-week top at $0.7129. The break of $0.7088 resistance was bullish for a push to $0.7200 and the May peak of…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}