NZ Dollar Falls On Growth, U.S.-China Worries
The NZ dollar slipped against its major counterparts in the
Asian session on Wednesday, as worries about the global economic
recovery, the rising number of coronavirus cases in Europe and the
U.S. as well as U.S.-China tensions dampened risk sentiment.
Tensions between the U.S. and China came to the fore of the
annual UN General Assembly in New York, with U.S. President Donald
Trump blaming Beijing for unleashing a "plague" on the world, while
Chinese President Xi Jinping said his country has no intention to
fight either a "cold war" or a "hot war" with any country. Earlier
in the day, the kiwi briefly rose after the Reserve Bank of New
Zealand kept its key rate and asset purchase programme unchanged
and signaled additional stimulus including a negative rate as
virus-led restrictions continued to dampen economic activity.
The Monetary Policy Committee of the Reserve Bank of New Zealand
decided to hold its key Official Cash Rate at 0.25 percent and to
continue with the Large Scale Asset Purchase Programme up to NZ$100
Policymakers assessed that further monetary stimulus would be
needed going forward. They affirmed that the Funding for Lending
Programme, or FLP, a negative OCR, and purchases of foreign assets
remain under consideration.
The kiwi dropped to an 8-day low of 1.7710 against the euro,
after rising to 1.7588 at 10:00 pm ET. If the kiwi slides further,
1.80 is likely seen as its next support level.
The kiwi touched a 4-week low of 0.6592 against the greenback,
from a high of 0.6648 seen at 10:00 pm ET. The kiwi is seen
locating support near the 0.64 region.
Retreating from near a 2-month high of 1.0750 hit at 10:00 pm
ET, the kiwi was trading lower at 1.0798 versus the aussie. On the
downside, 65.00 is possibly seen as its next support level.
The kiwi was down against the yen, at a fresh 4-week low of
69.29. This followed a 2-day high of 69.90 logged at 10:00 pm ET.
The next likely support for the kiwi is seen around the 1.10
Looking ahead, PMIs from major European economies are due in the
U.S. Federal Housing Finance Agency's house price index for July
is set for release in the New York session.
At 10:00 am ET, Federal Reserve Chair Jerome Powell will testify
on the economic impacts of COVID-19 before the House Select
Committee in Washington DC.
NZD vs Yen (FX:NZDJPY)
から 12 2020 まで 1 2021
NZD vs Yen (FX:NZDJPY)
から 1 2020 まで 1 2021