NZ Dollar Drops On Fed Tightening Concerns
2021年11月23日 - 11:29AM
RTTF2
The NZ dollar fell against its major counterparts in the Asian
session on Tuesday, as the nomination of Jerome Powell as Fed chair
for a second term stoked expectations of a faster QE tapering and
rate hikes to curb inflationary pressures.
The White House said that Fed Governor Lael Brainard has been
nominated as vice chair.
Investors are now pricing in policy tightening by the first half
of 2022.
Disappointing NZ retail sales data for the third quarter also
weighed on the currency.
Data from Statistics New Zealand showed that New Zealand retail
sales fell a seasonally adjusted 8.1 percent on quarter in the
third quarter of 2021 - following the 3.3 percent increase in the
second quarter.
On a yearly basis, retail sales volume sank 5.2 percent after
skyrocketing 33.3 percent in the three months prior.
The Reserve Bank of New Zealand's interest rate decision is due
on Wednesday. The central bank is widely expected to raise rates by
25 basis points to 0.75 percent.
The kiwi depreciated to near a 6-week low of 0.6924 against the
greenback, 8-day low of 1.6225 against the euro and a 6-day low of
1.0425 against the aussie, off its early highs of 0.6965, 1.6127
and 1.0370, respectively. The next possible support for the kiwi is
seen around 0.68 against the greenback, 1.66 against the euro and
1.06 against the aussie.
The kiwi reversed from an early high of 79.99 against the yen,
edging lower to 79.69. If the kiwi extends decline, 76.00 is
possibly seen as its next support level.
Looking ahead, PMI reports from major European economies are due
in the European session.
Canada manufacturing sales for October and Markit's U.S. flash
composite PMI for November are scheduled for release in the New
York session.
NZD vs US Dollar (FX:NZDUSD)
FXチャート
から 3 2024 まで 4 2024
NZD vs US Dollar (FX:NZDUSD)
FXチャート
から 4 2023 まで 4 2024
