Australian, NZ Dollars Fall On Dismal China Data
The Australian and NZ dollars slipped against their major
counterparts in the Asian session on Monday, as risk sentiment
dampened following weak data from China, signaling that stringent
lockdowns are hurting the economy.
Data from the National Bureau of Statistics showed that China's
industrial output contracted 2.9 percent on year in April - missing
expectations for an increase of 0.4 percent and down from 5.0
percent in March.
Retail sales tumbled an annual 11.1 percent in April - again shy
of forecasts for a decline of 6.1 percent after slipping 3.5
percent in the previous month.
The jobless rate came in at 6.1 percent in April, accelerating
from 5.8 percent in March.
The People's Bank of China left the interest rate of the
one-year medium-term lending facility unchanged at 2.85
The aussie declined to 0.6872 against the greenback and 88.46
against the yen, reversing from an early 5-day high of 0.6960 and a
4-day high of 90.12, respectively. The aussie is poised to
challenge support around 0.66 against the greenback and 86.00
against the yen.
The aussie dropped to 1.1023 against the kiwi and 1.5118 against
the euro, after rising to a 10-day high of 1.1067 and a 1-week high
of 1.4962, respectively in prior deals. The next likely support for
the aussie is seen around 1.075 against the kiwi and 1.53 against
The aussie fell to near a 4-month low of 0.8918 against the
loonie, from a 4-day high of 0.8976 hit at 9:10 pm ET. The aussie
may find support around the 0.88 level, should it drops again.
Reversing from its early 4-day highs of 0.6293 against the
greenback and 81.49 against the yen, the kiwi pulled back to 0.6228
and 80.17, respectively. The kiwi is seen challenging support
around 0.60 against the greenback and 78.00 against the yen.
The kiwi depreciated to a 4-day low of 1.6687 against the euro,
from a 1-week high of 1.6527 seen at 7:45 pm ET. On the downside,
1.72 is possibly seen as its next support level.
Looking ahead, Canada housing starts for April are scheduled for
release at 8:15 am ET.
The New York Fed's empire manufacturing survey for May, Canada
wholesale and manufacturing sales for March will be featured in the
New York session.
At 10:00 am ET, Bank of England Governor Andrew Bailey and MPC
members will testify on monetary policy before Parliament's
AUD vs Yen (FX:AUDJPY)
から 6 2022 まで 7 2022
AUD vs Yen (FX:AUDJPY)
から 7 2021 まで 7 2022