Australian, New Zealand Dollars Fall Against Majors
The Australian and New Zealand dollars declined against their
major counterparts in the Asian session on Monday, as worries about
rising cases of delta variant of the coronavirus in several
countries dampened sentiment.
In Australia, Sydney, Queensland and New South Wales recorded
new cases on Monday, even though Perth, Brisbane and the northern
city of Darwin emerged out of lockdowns over the weekend.
Thailand and Indonesia continued to battle record high
infections of COVID-19.
Survey results from IHS Markit showed that China's service
sector expanded at a much slower pace in June as the recent uptick
in COVID-19 cases and reduced travel dampened overall new
The Caixin services Purchasing Managers' Index fell notably to
50.3 in June from 55.1 in May. Nonetheless, the index has remained
above the neutral 50 mark for the fourteenth successive month.
Traders are looking forward to the Reserve Bank of Australia's
policy decision on Tuesday, when it will make a decision on the
next stage of its QE program.
Data from the Australian Bureau of Statistics showed that
Australia's building approvals declined more than expected in
The number of dwellings approved decreased 7.1 percent on a
yearly basis in May, following a 5.7 percent decline in April.
Economists had forecast a fall of 5 percent.
Another report from the ABS revealed that retail sales grew more
than initially estimated in May.
Retail turnover grew 0.4 percent month-on-month in May, faster
than the 0.1 percent increase estimated previously. Sales had
advanced 1.1 percent in April.
The kiwi weakened to 0.7013 against the greenback and 77.93
against the yen, after rising to 0.7034 and 78.13, respectively in
early deals. The kiwi is seen challenging support around 0.68
against the greenback and 76.00 against the yen.
The kiwi depreciated to 1.6903 against the euro and 1.0713
against the aussie, following its prior high of 1.6865 and near a
5-week high of 1.0691, respectively. On the downside, 1.70 and 1.09
are possibly seen as its next support levels against the euro and
the aussie, respectively.
The aussie dropped to 1.5786 against the euro and 83.42 against
the yen, from its early highs of 1.5753 and 83.62, respectively and
held steady thereafter. The aussie may find support around 1.62
against the euro and 80.00 against the yen.
In contrast, the aussie was trading at 0.7521 against the
greenback and 0.9286 against the loonie, recovering from its
previous lows of 0.7509 and 0.9257, respectively. The aussie may
face resistance near 0.77 against the greenback and 0.94 against
Looking ahead, PMI reports from major European economies and
Eurozone Sentix investor confidence index for July are due in the
NZD vs Yen (FX:NZDJPY)
から 8 2021 まで 9 2021
NZD vs Yen (FX:NZDJPY)
から 9 2020 まで 9 2021