Tuesday, 06 September 2011 03:18
Posted by Abdul Ahad
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 of Australia's rate call at 0430 GMT.
* Reuters poll shows the central bank is almost certain to keep rates on hold at 4.75 percent for a 10th straight month. Focus will be on the tone of the brief statement and how it balances domestic optimism against global uncertainty.
* A small chance of a cut is still being priced in for today and a total of 81 basis points of easing by Christmas, though ...
730
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 of Australia's rate call at 0430 GMT.
* Reuters poll shows the central bank is almost certain to keep rates on hold at 4.75 percent for a 10th straight month. Focus will be on the tone of the brief statement and how it balances domestic optimism against global uncertainty.
* A small chance of a cut is still being priced in for today and a total of 81 basis points of easing by Christmas, though ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars retreated modestly on Monday, pressured by weak stocks, disappointing US economic data and renewed concerns about European debt woes.
The Aussie eases to $1.0590, more than a full cent lower from Friday's high. Support seen at last week's $1.0561 trough, then $1.0540 -- the 50 pct retracement of the recent $1.0315/$1.0765 move. Resistance at $1.0670.
NZ dollar down about half a cent at $0.8432 from New York close on Friday. ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars paused against the greenback and held their ground on a wobbly euro on Friday, though the mood remained fragile ahead of key jobs data in the United States.
Aussie dollar consolidates around $1.0707, from $1.0745 in New York, after rising to a one-month high of $1.0765 in offshore trade.
Resistance seen around $1.0740 with talk of very good selling interest ahead of a $1.0800 option barrier, according to ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars consolidated near multi-week highs against most currencies on Wednesday, a very respectable performance given the huge falls seen early in August when market turmoil was at its worst.
The Aussie dollar last traded at $1.0695, having touched a four-week high around $1.0721 overnight. While that was down from $1.0980 at the start of the month, it was far above the deep $0.9924 trough touched on Aug. 9.
The local ...
WELLINGTON/SYDNEY: The New Zealand dollars powered higher on Tuesday as risk appetite improved with stronger equities and more signs of recovery in the domestic economy. The Aussie held onto hefty overnight gains.
Kiwi on fire, spiking to a one-month peak of $0.8529, from $0.8460 in New York, with some stop-loss buying triggered above $0.8510. It last traded around $0.8522.
Major resistance at $0.8576, the Aug 3 low with support at $0.8365.
Kiwi underpinned by ...
SYDNEY: The Australian and New Zealand dollars cantered higher against major currencies on Monday, lifted by gains in Asian stocks and firmer demand for risk assets, though the mood remains fragile due to ongoing uncertainties in the U.S and Europe.
The Aussie dollar reaches a 4-week high of $1.0623, up from $1.0575 late in New York on Friday. It last trades at $1.0617.
Currency seen coming up against stiff resistance at $1.0620-40, with 55-day moving ...
SYDNEY: The Aussie dollar edged higher on Friday as markets trimmed the risk of deep interest rate cuts following cautiously upbeat comments from Australia's top central banker, while the New Zealand currency drifted higher as well.
The Aussie dollar is last up half a cent at $1.0480, having hit a session high of $1.0503. Major resistance seen at $1.0535, with support pegged at the overnight low of $1.0419.
Reserve Bank of Australia (RBA) Governor Glenn ...
