Australian, NZ Dollars Strengthen After Friday's Sell-off
The Australian and NZ dollars moved up against their most major
counterparts in the Asian session on Monday, as calm returned to
markets, with investors assessing that Friday's sell-off following
Omicron's discovery had gone too far.
Some of the concerns over the omicron COVID-19 strain eased
after South African health experts suggested that it is showing
mild symptoms so far.
German biotechnology company BioNTech said that it could
determine in two weeks whether its current vaccine would be
sufficiently effective against the Omicron variant.
Atlanta Fed President Raphael Bostic said on Friday that the
economic fallout from the new variant is likely to be less severe
than the delta virus.
European Central Bank President Christine Lagarde said that the
bloc is better equipped to respond to a risk of a fifth wave or the
The aussie rose to 1.5766 against the euro, 0.7148 against the
greenback and 0.9106 against the loonie, off its early lows of
1.5894, 0.7115 and 0.9074, respectively. The next likely resistance
for the aussie is seen around 1.54 against the euro, 0.73 against
the greenback and 0.92 against the loonie.
After falling to a 5-day low of 1.0419 at 5 pm ET, the aussie
edged up to 1.0466 against the kiwi and held steady thereafter. On
the upside, 1.06 is possibly seen as its next resistance level.
In contrast, the aussie retreated to 80.65 against the yen, from
a high of 81.34 seen earlier in the session. If the aussie falls
further, it may test support around the 78.00 level.
The NZ currency appreciated to 0.6837 against the greenback and
1.6486 against the euro, following its prior lows of 0.6807 and
1.6602, respectively. The kiwi is likely to challenge resistance
around 0.70 against the greenback and 1.62 against the euro.
The kiwi, meanwhile, pulled back from an early high of 77.79
against the yen, with the pair trading at 77.13. The kiwi is poised
to find support around the 75.00 level.
Looking ahead, U.K. mortgage approvals for October and Eurozone
economic confidence index for November are due in the European
At 8:00 am ET, German preliminary CPI for November is scheduled
Canada industrial product price index and U.S. pending home
sales for October will be released in the New York session.
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