NZ Dollar Strengthens As Most Asian Stock Markets Rise
2023年3月29日 - 11:24AM
The New Zealand dollar strengthened against other major
currencies in the Asian session on Wednesday, as Asian stocks
improved across most sectors, led by commodity-linked stocks amid a
spike in commodity prices.
Crude oil prices climbed Tuesday on easing concerns about global
banking sector woes, lifting the most active oil futures contract
to a two-week closing high. West Texas Intermediate Crude oil
futures for May ended higher by $0.39 or 0.5 percent at $73.20 a
Meanwhile, the traders became cautious, awaiting further updates
on the health of the banking sector, and looking ahead to some
crucial economic data for direction.
With the U.S. Fed signaling last week that it was expecting just
one more interest rate increase this year, traders are looking for
data for clues about the timing of the final rate hike.
CME Group's FedWatch Tool currently indicates a 59.4 percent
chance that the Fed will leave rates unchanged at its next meeting
in early May and a 40.6 percent chance of a 25 basis point
The NZ dollar was steady against its major rivals on
In the Asian trading today, the NZ dollar rose to a 1-week high
of 82.61 against the yen, and a 6-day high of 0.6271 against the
U.S. dollar from yesterday's closing quotes of 81.85 and 0.6253,
respectively. If the kiwi extends its uptrend, it is likely to find
resistance around 84.00 against the yen and 0.63 against the
Against the euro, the kiwi advanced to a 5-day high of 1.7283
from yesterday's closing value of 1.7333. The next possible upside
resistance level for the kiwi is likely to be in 1.69 area.
The kiwi appreciated to a 5-day high of 1.0686 against the
Australian dollar from yesterday's closing value of 1.0727. The
AUD/NZD may find its resistance level around the 1.05 area.
In economic news, Australia's monthly Consumer Price Index (CPI)
indicator in rose 6.8 percent in the year to February 2023, easing
from a 7.4 percent gain in the year to January 2023 and coming in
below the market consensus for a 7.1 percent rise. Inflation
remained well above the Reserve Bank of Australia's target range of
2 to 3 percent.
Meanwhile, the safe-haven yen weakened against ist major rivals,
as most Asian stocks rose on decelerating U.S. banking woes.
The Japanese yen fell to a 6-day low of 142.83 against the euro
and a 1-week low of 162.42 against the pound from yesterday's
closing quotes of 141.94 and 161.51, respectively. If the yen
extends its downtrend, it may find support around 144.00 against
the euro and 167.00 against the pound.
The yen edged down to 161.51 against the Swiss franc, from
yesterday's closing value of 142.22. The yen may find support
around the 147.00 area.
From yesterday's closing value of 87.79 against the Australian
dollar, the yen dropped to a 6-day low of 88.30. The AUD/JPY may
find its support level around the 90.00 area.
Against the U.S. and the Canadian dollars, the yen slipped to
1-week lows of 131.80 and 96.90 from yesterday's closing quotes of
130.81 and 96.15. On the downside, the yen may find its support
level around 138.00 against the greenback and 99.00 against the
Looking ahead, Switzerland's economic sentiment index for March
and U.K. mortgage approvals data for February are due to be
released in the European session.
At 3:00 am ET, Governing Council of the ECB holds non-monetary
policy meeting in Frankfurt, Berlin.
In the New York session, U.S. mortgage approvals data for March,
pending home sales for February and U.S. EIA crude oil data are
slated for release.
At 10:00 am ET, U.S. Federal Reserve Vice Chair for Supervision
Michael Barr testifies on "Bank Supervision" before the House
Financial Services Committee, in Washington D.C., U.S.
At 12:45 pm ET, Toni Gravelle Deputy Governor of the Bank of
Canada delivers a speech at the National Bank Annual Financial
Services Conference on the market liquidity measures taken during
COVID, in Montreal, Canada.
At 2:50 pm ET, Catherine L. Mann, member of the Monetary Policy
Committee of the Bank of England, participates as a panelist at the
39th Annual National Association for Business Economics (NABE)
Economic Policy Conference on "Inflation and Monetary Policy," in
At 4:40 pm ET, ECB board member Isabel Schnabel participates in
a panel discussion at 39th Annual National Association for Business
Economics' (NABE) Economic Policy Conference, "Orienting Policy for
a Polarized World," in Washington, D.C.
CAD vs Yen (FX:CADJPY)
から 4 2023 まで 5 2023
CAD vs Yen (FX:CADJPY)
から 5 2022 まで 5 2023