Australian, NZ Dollars Advance As Fed Meeting Looms
14 Giugno 2021 - 5:12AM
RTTF2
The Australian and NZ dollars climbed against their major
counterparts in the Asian session on Monday, as risk sentiment
improved ahead of the U.S. Federal Reserve's policy meeting amid
hopes that easy monetary conditions will continue for an extended
period.
The Fed is expected to maintain its record low rate and the
asset purchase program when it meets later this week.
Investors are pinning hopes that the Fed will reiterate its
commitment to ultra-loose policy despite rising inflation.
Leaders of G7 nations vowed to continue their massive economic
support programmes "for as long as is necessary" in order to avoid
the economic damage caused by an early withdrawal of stimulus.
"We will continue to support our economies for as long as is
necessary, shifting the focus of our support from crisis response
to promoting growth into the future," the G7 leaders said in a
communique on Sunday.
Survey from BusinessNZ showed that New Zealand services index
continued to expand in May, albeit at a slower pace, with a
Performance of Services Index of 56.1.
That's down from 61.2 in April, although it remains above the
boom-or-bust line of 50 that separates expansion from
contraction.
The aussie climbed to 84.65 against the yen, 0.7712 against the
greenback and 1.5691 against the euro, reversing from its early
lows of 84.44, 0.7694 and 1.5726, respectively. The aussie is seen
facing resistance around 86.00 against the yen, 0.79 against the
greenback and 1.54 against the euro.
The aussie bounced off to 0.9372 against the loonie, from a low
of 0.9356 hit at 11:35 pm ET. Next immediate resistance for the
aussie is seen around the 0.96 level.
Recovering from its prior lows of 0.7130 against the greenback
and 78.17 against the yen, the kiwi edged up to 0.7147 and 78.44,
respectively. The kiwi may challenge resistance around 0.74 against
the greenback and 80 against the yen.
The kiwi gained to 1.6930 against the euro and 1.0782 against
the aussie, following its previous lows of 1.6980 and 1.0807,
respectively. Should the kiwi strengthens further, it is likely to
test resistance around 1.66 against the euro and 1.06 against the
aussie.
Looking ahead, Eurozone industrial production for April will be
released in the European session.
Canada manufacturing sales for April are scheduled for release
in the New York session.
Grafico Cross NZD vs Yen (FX:NZDJPY)
Da Ago 2024 a Set 2024
Grafico Cross NZD vs Yen (FX:NZDJPY)
Da Set 2023 a Set 2024