Wednesday, 27 March 2013 02:58
Posted by Imaduddin
SYDNEY/WELLINGTON: The Australian and New Zealand dollars pushed higher against the greenback and the euro on Wednesday as upbeat US data bolstered the outlook for global growth while Cyprus' bailout scheme hung heavy over the euro zone.Aussie around $1.0485 early, not far from a two-month high of $1.0497 struck overnight. Momentum still positive, with $1.0500 the next target and supports at $1.0408, a 100-DMA.NZ dollar follows, rising to a one-month high of $0.8394 before steadying around $0.8390. Kiwi still seen between $0.8308, a 100-DMA, and $0.8392, a 61.8 pct retracement level.Kiwi sentiment positive after Fonterra increased its payout forecast to farmers as expected on the back of rising dairy prices in recent auctions. But it also pointed to worsening dry conditions.Aussie also back up on the yen at 99.00 amid reports the Bank of Japan will likely adopt a new bond buying target, perhaps as soon as next week.Wall Street ...
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SYDNEY/WELLINGTON: The Australian and New Zealand dollars pushed higher against the greenback and the euro on Wednesday as upbeat US data bolstered the outlook for global growth while Cyprus' bailout scheme hung heavy over the euro zone.Aussie around $1.0485 early, not far from a two-month high of $1.0497 struck overnight. Momentum still positive, with $1.0500 the next target and supports at $1.0408, a 100-DMA.NZ dollar follows, rising to a one-month high of $0.8394 before steadying around $0.8390. Kiwi still seen between $0.8308, a 100-DMA, and $0.8392, a 61.8 pct retracement level.Kiwi sentiment positive after Fonterra increased its payout forecast to farmers as expected on the back of rising dairy prices in recent auctions. But it also pointed to worsening dry conditions.Aussie also back up on the yen at 99.00 amid reports the Bank of Japan will likely adopt a new bond buying target, perhaps as soon as next week.Wall Street ...
SYDNEY: The euro nursed heavy losses early in Asia on Tuesday, having suffered a steep drop across the board on fears that future bank rescues in the euro zone would come with the same stern conditions seen in Cyprus' deal.The common currency traded at $1.2854, near a four-month trough of $1.2829 plumbed overnight and closer to retesting the November low of $1.2661. It has fallen more than 6 percent from a peak of $1.3711 reached ...
SYDNEY/WELLINGTON: The Australian dollar held steady on Thursday as the market took a guarded reaction to news the country's prime minister was facing a leadership challenge from within her own party, which could have an impact on government policy.Prime Minister Julia Gillard called a ballot to resolve months of slipping polls and internal tensions that put her minority Labor government on course to be swept away at September elections.The Aussie showed little initial reaction at ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars were firmly on the front foot on Wednesday as world stock markets rallied on a Chinese government pledge to maintain growth and positive euro zone and US data, bolstering risk sentiment and commodity currencies.
Australia has GDP data at 0030 GMT with expectations of a 0.6 percent rise for the fourth quarter and annual growth easing a tad to 3 percent. On Tuesday data showed net exports adding a ...
