Australian, New Zealand Dollars Climb Amid Risk Appetite
02 Settembre 2022 - 8:50AM
RTTF2
The Australian and New Zealand dollars advanced against their
major counterparts in the European session on Friday, ahead of a
key U.S. jobs report that may help determine the size of the
upcoming Federal Reserve rate hike.
Economists expect employment to rise by 300,000 jobs in August,
after a gain of 528,000 jobs last month.
The unemployment rate is expected to remain unchanged at 3.5
percent.
Oil prices rose as G7 finance ministers will be meeting today to
decide on a plan for capping the price of Russian oil.
OPEC and its allies will meet next week amid expectations for a
reduction in output to boost oil prices.
The aussie advanced to 0.6812 against the greenback and 0.8956
against the loonie, off its early lows of 0.6779 and 0.8922,
respectively. The currency is likely to find resistance around 0.71
against the greenback and 0.92 against the loonie.
The aussie was up against the yen, at a 3-day high of 95.59.
Next key resistance for the aussie is seen around the 98.00
area.
The aussie recovered 1.4652 against the euro, from a low of
1.4706 seen at 3:30 am ET. If the currency rises further, it may
find resistance around the 1.43 level.
The kiwi recovered to 1.6381 against the euro and 0.6093 against
the greenback, after falling to 1.6468 and more than a 2-year low
of 0.6050, respectively in early deals. The kiwi is poised to test
resistance around 1.60 against the euro and 0.62 against the
greenback.
The kiwi rose to 85.53 against the yen, setting a 3-day high. On
the upside, 89.00 is possibly seen as its next resistance
level.
The kiwi rebounded modestly against the aussie and was trading
at 1.1172. This may be compared to an 8-day high of 1.1157 seen in
the Asian session. The next possible resistance for the kiwi is
seen around the 1.10 level.
Looking ahead, U.S. jobs data for August and factory orders for
July will be released 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