Australia
Monday, 12 September 2011 03:55
595
WELLINGTON/SYDNEY: The Australian and New Zealand dollars were under pressure early on Monday as the greenback powered ahead on fresh worries about euro zone debt that prompted a broad sell-down in riskier assets and a rush to Treasury bonds.
* The Aussie at a near two-week low of $1.0406, having fallen more than one pct to $1.0422 on Friday.
* Traders say sentiment still weak for commodity currencies, with the Aussie breaking support around $1.0415/23 and now set to test $1.0387, while the upside seen capped around $1.0480.
* The NZ dollar suffers same fate, shedding 1.5 pct to a three-week low of $0.8192 before crawling back to 0.8215 early. Kiwi now looks vulnerable on the downside and may test the $0.8200 support level.
* The euro hit 6-1/2 month lows against the US dollar on nervousness over the outcome of a Greek debt swap deal and on jitters fueled by the planned resignation ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars rallied to one-month highs against a depressed euro on Friday and edged up on the dollar after markets reacted coolly to President Barack Obama's ambitious $447 billion job package.
The euro fell across the board after the European Central Bank seemed in no rush to resume its policy tightening, citing low growth forecasts.
The single currency, last at A$1.3102, sank as low as A$1.3090, having crashed through ...
WELLINGTON/SYDNEY: The Australian dollar powered up on Wednesday and dragged the kiwi higher as well after Australian economic data pointed to solid economic growth in the second quarter, cooling interest rate cut expectations.
Aussie up 0.8 pct on day at $1.0577, having hit a session peak of $1.0585, after stops were triggered above $1.0555. Next level of resistance at $1.0625, the 55-day MA with support at $1.0482.
Interbank futures fall as much as 0.14 points as markets ...
WELLINGTON/SYDNEY: The Aussie and New Zealand dollars were on the backfoot on Tuesday as concerns about the health of the global economy weighed on risk appetite, while the Reserve Bank of Australia kept rates steady and gave no hint of easing.
The Aussie slipped to a 12-day trough of $1.0494 on heavy macro-funds selling. It last traded at $1.0521, having skidded more than one percent from Monday's high.
Traders noted talk of stops below ...
WELLINGTON/SYDNEY: The Aussie and New Zealand dollars were sharply lower in thin trade on Tuesday as further worries about euro zone finances and the broader global outlook weighed ahead of a central bank rate call.
* The Aussie down at $1.0536, after hitting a 10-day low of $1.0512 overnight, compared with $1.0590 in late local trade on Monday.
* Aussie seen supported at $1.0525 with resistance at $1.0575 ahead of current account data and the Reserve Bank ...
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