Australian, NZ Dollars Higher Amid Improved Risk Sentiment
The Australian and NZ dollars appreciated against their major
counterparts in the European session on Tuesday, as U.S. President
Joe Biden and Chinese President Xi Jinping's much-awaited meeting
in Indonesia helped ease tensions between the two countries.
Biden pledged that there would be no "new Cold War" with China,
adding that he is keen to prove that they can "manage differences
and prevent competition from becoming conflict".
China's relaxation of COVID curbs, measures to support the
property market and a decision by the People's Bank of China to add
liquidity in its financial system via the operations of the
medium-term lending facility and reverse repos also lifted
Comments from Fed Vice Chair Lael Brainard supported
expectations that the Fed will be raising interest rates at a
slower pace in the coming months.
Minutes from the Reserve Bank of Australia's November 1 meeting
showed that members of the board agreed that inflation continues to
be too high, and that further interest rate increases would be
The Australian economy continues to grow solidly but could be
subjected to downside risks, such as pressure on the global
economy, the minutes showed. The members agreed that rate hikes
were needed to help establish a better balance between supply and
demand. The board also felt it necessary to return inflation to its
target range of 2 to 3 percent at the earliest opportunity.
The aussie advanced to a 2-month high of 0.6764 against the
greenback and a 4-day high of 1.5360 against the euro, off its
early lows of 0.6685 and 1.5431, respectively. The aussie is seen
finding resistance around 0.70 against the greenback and 1.49
against the euro.
The aussie touched a 6-day high of 94.38 against the yen and
near a 2-month high of 0.8963 against the loonie, up from its prior
lows of 93.66 and 0.8907, respectively. The next possible
resistance for the aussie is seen around 98.00 against the yen and
0.92 against the loonie.
The aussie rebounded modestly against the kiwi, with the pair
trading at 1.0981. Next key resistance for the currency may be
located around the 1.12 level.
The kiwi climbed to more than a 2-month high of 0.6161 against
the greenback, 1-week high of 1.6853 against the euro and a 5-day
high of 86.01 against the yen, after falling to 0.6085, 1.6954 and
85.27, respectively in prior deals. The kiwi is likely to find
resistance around 0.66 against the greenback, 1.64 against the euro
and 89.00 against the yen.
Looking ahead, German ZEW economic sentiment for November,
Eurozone trade balance for September and GDP and employment data
for the third quarter are set for release in the European
Canada manufacturing and wholesale sales for September, as well
as U.S. PPI for October and New York Fed's empire manufacturing
survey for November are due in the New York session.
AUD vs Yen (FX:AUDJPY)
から 12 2022 まで 1 2023
AUD vs Yen (FX:AUDJPY)
から 1 2022 まで 1 2023