SYDNEY: The Australian and New Zealand dollars fell to one-month lows on Monday, while bond yields surged after an upbeat US jobs report firmed up the case for a Federal Reserve interest rate increase in December.
The Australian dollar fell as far as $0.7016 at one point, its lowest since early October, before steadying at $0.7040. Key support is expected at $0.7008, the 76.4 per cent retracement of the $0.6892-$0.7382 climb in September and October.
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