Australian, NZ Dollars Drop On Inflation, Evergrande Worries
The Australian and NZ dollars slipped against their major
counterparts in the Asian session on Friday, as growing inflation
worries and uncertainty about the impact of Evergrande's debt
crisis weighed on high-yielding assets.
Investors fear that supply chain disruptions across the globe
could keep inflation higher for a longer period than thought.
Evergrande missed two deadlines to pay more than $180 million in
interest to foreign investors who hold its dollar-denominated
The U.S. government averted a shutdown by passing a stopgap
spending bill, but it risks a potential default amid an impasse
over raising the debt ceiling.
In her Congressional testimony, Treasury Secretary Janet Yellen
has warned of "catastrophic economic consequences" if the debt
ceiling is not raised by October 18th.
Market participants focus on U.S. PCE price index, ISM
manufacturing PMI and final Michigan consumer sentiment index for
more clues on policy outlook.
The aussie depreciated to 0.7193 against the greenback and
1.6097 against the euro, down from its prior highs of 0.7241 and
1.5984, respectively. The aussie may locate support around 0.70
against the greenback and 1.62 against the euro. The aussie
retreated to 0.9157 against the loonie and 1.0459 against the kiwi,
after gaining to 0.9184 and a 1-1/2-month high of 1.0492,
respectively. The next immediate support for the aussie is seen
around 0.90 against the loonie and 1.03 against the kiwi.
The aussie slipped to an 8-day low of 79.95 against the yen,
from a high of 80.66 seen at 8:15 pm ET. If the aussie falls
further, it is likely to test support around the 78.00 region.
The kiwi dropped to a 9-day low of 76.44 against the yen, moving
away from a high of 76.90 hit at 7:15 pm ET. On the downside, 74.00
is likely seen as its next support level.
The kiwi eased off from its previous highs of 0.6905 against the
greenback and 1.6754 against the euro, edging down to 0.6877 and
1.6836, respectively. The kiwi is seen finding support around 0.67
against the greenback and 1.70 against the euro.
Looking ahead, PMI reports from major European economies and
Eurozone flash CPI for September are due in the European
Canada GDP data for July, U.S. personal income and spending data
for August, ISM manufacturing index for September, construction
spending for August and University of Michigan's final consumer
sentiment index for September will be featured in the New York
AUD vs Yen (FX:AUDJPY)
から 12 2021 まで 1 2022
AUD vs Yen (FX:AUDJPY)
から 1 2021 まで 1 2022