NZ Dollar Trades Lower Amid Rising Risk Aversion
The New Zealand dollar traded lower against its most major
counterparts in the Asian session on Friday amid rising risk
aversion, as the U.S-China plan to roll back tariffs on each
others' goods met internal opposition from the White House and
There is a divide within the administration over whether rolling
back tariffs will give away U.S. leverage in the negotiations, the
report quoted current and former administration officials as
But declines were capped somewhat after data showed China's
exports and imports contracted less than expected in October.
Exports fell 0.9 percent year-on-year in dollar terms, falling
for the third straight month. Economists had expected a 3.9 percent
fall following September's 3.2 percent contraction.
Imports declined 6.4 percent from a year earlier, slower than
the forecast of 7.8 percent fall. This was the sixth consecutive
decrease reflecting subdued demand.
The kiwi declined to 69.45 against the yen, from an early 3-day
high of 69.81, and held steady thereafter. The kiwi is seen finding
support around the 67.00 mark.
Preliminary data from the Cabinet Office showed that Japan's
leading index rose in September after falling in the previous
The leading index, which measures the future economic activity,
rose to 92.2 in September from 91.9 in August. That was in line
with economists' expectations.
The kiwi fell to 1.7375 against the euro, from an early 3-day
high of 1.7313, and held steady thereafter. The next likely support
for the kiwi is seen around the 1.77 level.
The NZ currency reversed from an early high of 0.6382 against
the greenback, falling to 0.6358. The kiwi may challenge support
around the 0.62 level.
In contrast, the kiwi held steady against the aussie, after
recovering to 1.0805 from a low of 1.0835 seen at 5:30 pm ET. The
kiwi is likely to face resistance around the 1.06 region, if it
In its quarterly statement on monetary policy, Australia's
central bank signaled further easing as wage growth is not expected
to pick up and inflation set to remain below the target band.
The Reserve Bank of Australia said wage growth is no longer
expected to pick up but the labor market and inflation forecasts
were little changed from August.
Looking ahead, at 8:15 am ET, Canada housing starts for October
are due at 8:15 am ET.
In the New York session, Canada jobs data for October and
building permits for September, as well as University of Michigan's
consumer sentiment index for November and U.S. wholesale sales for
September will be released.
NZD vs Yen (FX:NZDJPY)
から 8 2020 まで 9 2020
NZD vs Yen (FX:NZDJPY)
から 9 2019 まで 9 2020