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WELLINGTON/SYDNEY: The Australian and New Zealand dollars held above four-month lows versus the US dollar on Friday, but investors were cautious ahead of China's retail sales data. Aussie edges lower to $1.0057 from $1.0092 in NY, having touched a high of $1.0144 on Thursday after upbeat jobs data. Aussie down 3.6 pct this month and a breach of key support at around $1.0040 would open the way to parity. It touched a low of $1.0021 this week. Kiwi subdued at $0.7835 from $0.7858 in NY. Modest recovery in the Aussie helps the NZ dollar lift from a four-month low of $0.7813 hit on Thursday. Kiwi may test the topside as far as $0.7900, after the latest selldown was halted, with immediate support sitting at $0.7813, the low on Wednesday. Antipodean currencies barely react to Chinese inflation report which was in line with expectations. Focus now on China's industrial production and retail sales at 0530 GMT clues ...
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WELLINGTON/SYDNEY: The Australian dollar staged a bit of a bounce on Thursday after a surprisingly upbeat jobs report eased expectations of deep cuts to interest rates, but risk sentiment remained fragile due to uncertainty in the euro zone. Aussie jumps more than half a cent to $1.0120 after Australian employment far outpaced expectations by adding 15,500 in April. Unemployment rate surprisingly dips to 4.9 pct vs forecasts of a rise to 5.3 pct. Markets widen the odds of a 25bp-rate cut in June with interbank futures implying a 50-50 chance, down from 78 pct before the data. However, markets still looking for a total easing of around 96 bps by December. The Aussie is last at $1.0115, off a 4-month low of $1.0021 plumbed overnight. Charts show the bounce above Tuesday's high of $1.0116 could suggest the trend lower is waning. Traders cite stops above $1.0125. Attention now on Chinese trade data due this ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars plumbed their weakest against the greenback in roughly four months on Thursday, stung by weakness in the euro as growing political uncertainty in Greece threatened the country's debt bailout plan. * Aussie falls to $1.0021 in offshore trade, its lowest since Dec. 20, before trimming some losses to trade at $1.0040 early in local session. * The kiwi skids to $0.7813, its weakest since early January. It too trimmed losses to trade around $0.7840 at 2215 GMT. Against a currency basket, it slumped to a four-month low of 70.26. * Risk sentiment further hit by rising Spanish government bond yields given escalating concerns about the health of its banking sector. * Both currencies track an ongoing slide in the euro, which hovered near a 3 1/2-month trough hit versus the US currency on Wednesday as investors found little solace in a pledge by European governments to make ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars clawed back from four-month lows against the US dollar on Tuesday, but investors were wary of risk given the political uncertainty in the euro zone and the prospect of resistance to austerity measures. * The Aussie trades at $1.0200, pulling back from $1.0110 hit on Monday, its weakest level of the year. The Australian currency rose after trading around $1.0140 late in local trade on Monday. * The kiwi trades around $0.7950, from around $0.7925 late in the local session on Monday, and backing off the low of $0.7907 hit on Monday, its lowest since mid-January. * The Aussie and kiwi track the euro, which recovered from a near-four-month low initially hit on concerns that French Socialist President-elect Francois Hollande may resist euro zone austerity measures spearheaded by his predecessor and Germany. * The euro later got a lift from higher European shares on Monday as equity ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars hit four-month lows against the greenback on Monday, tracking a broadly weak euro after elections in France and Greece raised speculation of political obstacles in passing future euro zone austerity measures. * Aussie falls to $1.0151, retreating from $1.0256 in late local trade on Friday to hit its weakest since Jan. 9. The New Zealand dollar slides to $0.7924 from around $0.8000 late on Friday, reaching its lowest since Jan. 17. * The Aussie and the kiwi extend losses after sliding on Friday, when a weak US jobs report spurred the view that the country's economic recovery is losing pace, prompting selling in high-beta currencies for the safe-haven US dollar. * The Antipodean currencies take their cue from losses in the euro, which slides roughly 0.5 percent versus the US dollar after the election of Socialist Francois Hollande as France's new president suggested the new government ...
WELLINGTON/SYDNEY: The New Zealand dollar slipped on Thursday after an unexpected jump in the country's jobless rate prompted markets to price in the risk of an interest rate cut, while jitters about the global economic recovery kept the Australian dollar pinned down. The kiwi fell nearly half a percent to a low of $0.8040, its weakest since late January, after data showed New Zealand's unemployment rate rose to 6.7 percent in the first quarter, from 6.3 percent. Analysts had expected an unchanged reading, but the data series offered a mixed picture of the jobs sector, as the actual number of jobs created beat expectations, up 0.4 percent from forecast 0.3 percent. Still, the kiwi fell across the board, hitting a near three-month low against the yen of 64.46 yen, and a six-week low against the Aussie and the euro. It later clawed back some losses, trading around $0.8065 in late local trade. Trading was thin ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars lost a little ground as soft US data and a recession in Spain pushed equities back and soured risk sentiment ahead of a likely rate cut from the Reserve Bank of Australia's on Tuesday. * Aussie around $1.0429, from $1.0454 on Monday late local session. It has held largely within recent range, with support now seen at $1.0390 and resistance at $1.0475. * The RBA is considered almost certain to cut by at least 25 bps, while markets imply a one-in-four chance of a half-point easing. That is one reason Australian debt futures have been stellar-performers of late. * A cut of 50 bps would be a surprise and would likely see the Aussie gap lower, while a move of 25 bps is so fully priced it the currency could even edge higher. * Focus then on the statement for any hint of whether the RBA would ...

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