Australia
Monday, 10 December 2012 09:59
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SYDNEY/WELLINGTON: The Australian and New Zealand dollars held near one-month highs against the euro on Monday, as a gloomy European outlook and uncertainties about Italy weighed on the common currency, while investors were awaiting trade data from China.
Euro at A$1.2316, having slipped to A$1.2278, its lowest since Nov. 20. It struck a one-month peak of A$1.2544 last week.
A sustained break below A$1.2300 would be a bearish sign with bids around A$1.2250 forming initial support, ahead of A$1.2206, the lower Bollinger band.
Against the kiwi, the euro edges down to NZ$1.5489 , after dipping to NZ$1.5463, its lowest since Nov. 13 in early trade. Kiwi has gained more than 2 pct on the single currency so far this month.
Euro under broad pressure after Italian Prime Minister Mario Monti on Saturday said he intended to resign early, creating uncertainty over who will succeed. Euro was already weighed after Germany's central bank on Friday ...
SYDNEY/WELLINGTON: The New Zealand dollar hit a one-month high versus its US and Australian counterparts on Thursday after the Reserve Bank of New Zealand kept interest rates on hold but said it expected inflation pressures to pick up, suggesting more risk of a rate rise than a cut over time.
* Kiwi rallies as high as $0.8295 from around $0.8250 before the announcement, scaling its strongest since Nov. 7. By 2059 GMT, the currency had pulled ...
SYDNEY/WELLINGTON: The Australian dollar held near two-month high against the US dollar on Wednesday, shrugging off slightly weaker-than-expected GDP data on top of an interest rate cut earlier in the week.
Aussie steady at $1.0470, having climbed to $1.0485 in offshore trade. A break above the Nov high of $1.0491 could see a test of $1.0520, the Sept 21 peak. Traders cite stops above $1.0520/30, with larger ones above $1.0570.
Long-term trendline found at $1.0565 and a ...
SYDNEY/WELLINGTON: The Australian and New Zealand dollars stumbled to six-week lows versus the euro on Tuesday after Spain's request for a bank bailout and Greece's bond buyback plan suggested progress was being made to solve the euro zone debt crisis.
* Aussie steady on the US dollar around $1.0420 even as a run of weak domestic data adds to expectations the Reserve Bank of Australia will cut interest rates later in the day.
* Euro climbs to ...
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