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OverviewAPI
The Australian and New Zealand dollars strengthened due to a rally on Wall Street and strong domestic retail sales data, with the Aussie reaching $0.6726 and the kiwi dollar at $0.6255. The Reserve Bank of Australia may consider easing interest rates as inflation is expected to slow down. Futures markets indicate no further rate hikes for 2024, with a modest 40 basis points of easing anticipated for all of 2024.

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