India, April 2 -- The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major counterparts in the Asian session on Wednesday, as traders await the introduction of reciprocal tariffs by U.S. President Donald Trump to be announced later in the day. Some traders also continue to pick up stocks at a bargain after heavy selling in the previous sessions.
The AUD and NZD are benefited by a generally upbeat mood in the equities markets as well as optimism about the Chinese economy.
China's manufacturing activity grew in March at the quickest rate in a year, according to data released on Tuesday. Additionally, the recent stimulus plans to support economic recovery caused the antipodean currencies to...