Australian, NZ Dollars Climb Amid Fed Decision, Ukraine Peace Talks
17 Marzo 2022 - 5:25AM
RTTF2
The Australian and NZ dollars moved up against their major
counterparts in the Asian session on Thursday, as most Asian shares
rose amid progress in peace talks between Russia and Ukraine,
China's pledge for more stimulus and the Federal Reserve's interest
rate hike that was in-line with expectations.
The Fed raised the federal funds rate by 0.25 percent, to a
target range of 0.25 percent to 0.50 percent.
The central bank signaled six more quarter-point interest rate
hikes for this year.
Signs of a progress in peace negotiations between Russia and
Ukraine cheered investors.
Russian Foreign Minister Sergey Lavrov said on Wednesday that
even though the negotiations are difficult for obvious reasons,
there is room for reaching a compromise.
Data from the Australian Bureau of Statistics showed that the
jobless rate in Australia came in at a seasonally adjusted 4.0
percent in February.
That was below expectations for 4.1 percent and down from 4.2
percent in January.
The Australian economy added 77,400 jobs last month, blowing
away forecasts for an increase of 37,000 jobs following the gain of
12,900 jobs in the previous month.
The aussie climbed to a 6-day high of 0.7321 against the
greenback, after falling to 0.7282 in early deals. Against the yen,
it touched 87.07, its highest level since February 2018. The next
possible resistance for the currency is seen around 0.75 against
the greenback and 90.00 against the yen.
The aussie advanced to 3-day highs of 0.9281 against the loonie,
1.0698 against the kiwi and 1.5073 against the euro, off its early
lows of 0.9235, 1.0650 and 1.5146, respectively. The aussie is seen
finding resistance around 0.94 against the loonie, 1.08 against the
kiwi and 1.49 against the euro.
The NZ currency appreciated to a 6-day high of 0.6849 against
the greenback and a 3-day high of 1.6105 against the euro, from its
early lows of 0.6823 and 1.6166, respectively. The currency is
likely to locate resistance around 0.70 against the greenback and
1.58 against the euro.
The kiwi jumped to 81.44 against the yen, a level unseen since
November 4, 2021. On the upside, 83.00 is possibly seen as its next
resistance level.
Looking ahead, Eurozone final CPI for February is set for
release in the European session.
The Bank of England's monetary policy announcement is due at
8:00 am ET. The BoE is widely expected to raise its key rate by 25
basis points to 0.75 percent from 0.50 percent.
U.S. weekly jobless claims for the week ended March 12,
industrial production, building permits and housing starts for
February will be featured in the New York session.
Grafico Cross NZD vs Yen (FX:NZDJPY)
Da Giu 2024 a Lug 2024
Grafico Cross NZD vs Yen (FX:NZDJPY)
Da Lug 2023 a Lug 2024