Australian, New Zealand dollars get a reprieve as US dollar falters

The Business Times | Mar 27, 2020 at 12:00 AM
  • The Australian and New Zealand dollars were boasting their best weekly performance in eight years on Friday after dire US jobs data and another pledge of unlimited easing by the Federal Reserve undermined their US counterpart.
  • The Fed’s unswerving commitment has boosted equities globally and eased liquidity strains in debt markets.
  • At home, both the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) have been busy buying government bonds to lift liquidity and keep yields low.