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Australia, NZ dollars hit six-week lows, domestic data a mixed bag

The Aussie slipped 0.4% to $0.6811, having breached chart support around $0.6840 to hit a low of $0.6805. The next major bear target is its July trough of $0.6683

Australian dollar denominations shown in a photo illustration at a currency exchange in Sydney
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Australian dollar denominations shown in a photo illustration at a currency exchange in Sydney

Reuters Sydney
The Australian and New Zealand dollars slipped to six-week lows on Thursday as equity markets globally took a turn for the worse amid more bad news on inflation, while domestic data were too mixed to offer any aid.

The Aussie slipped 0.4% to $0.6811, having breached chart support around $0.6840 to hit a low of $0.6805. The next major bear target is its July trough of $0.6683.

The Kiwi was down at $0.6093, after cracking support around $0.6110. A break of its July trough at $0.6062 would see it back at levels not visited since mid-2020.

Risk sentiment took a knock overnight when

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