Australia, NZ dollars steady but outlook still bearish – Markets

SYDNEY: The Australian and New Zealand dollars were on a steadier footing on Monday after Treasuries rallied on a benign reading on US inflation, although the technical outlook still looked bearish for the two.

The Aussie was little changed at $0.6253, having risen 0.2% on Friday to pull away from a two-year low of $0.6199.

The next major bear target is a trough from October 2022 at $0.6170,…