The Australian and New Zealand dollars strengthened on Monday as lower oil prices, driven by hopes for a Middle East diplomatic solution, eased global inflation concerns. The Aussie rose 0.2% to $0.7001, while the Kiwi gained 0.2% to $0.5798. This oil price slide led markets to trim the probability of an RBA rate hike next month to 30%. Such global shifts in inflation expectations and central bank policy could indirectly impact international gold rates and the USD/PKR exchange rate.
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