Australian, NZ Dollars Advance As China Pledges Stimulus Measures
22 Dicembre 2022 - 5:15AM
RTTF2
The Australian and NZ dollars climbed against their major
counterparts in the Asian session on Thursday, as Chinese
authorities promised to implement measures to boost growth and
property market next year.
China's State Council, People's Bank of China and the country's
top securities regulator conducted a study during last week's
economic policy meeting and committed to stimulate growth next
year.
China will speed up construction of major projects and assist
private firms and the platform economy, according to the
meeting.
Asian stocks are mostly higher on the back of strong U.S.
consumer confidence data and solid earnings from corporate giants
Nike and FedEx.
Oil extended gains after official data showed a
larger-than-expected draw in U.S. crude stockpiles.
The aussie approached 1-week highs of 0.6767 against the
greenback and 1.5724 against the euro, up from its early lows of
0.6704 and 1.5818, respectively. The currency is likely to locate
resistance around 0.70 against the greenback and 1.53 against the
euro.
The AUD/NZD pair touched 1.0701, its highest level since
December 1. On the upside, 1.09 is possibly seen as its next
resistance level.
The aussie rose to 2-day highs of 0.9187 against the loonie and
89.27 against the yen, reversing from its early lows of 0.9064 and
88.66, respectively. The aussie is seen finding resistance around
0.94 against the loonie and 92.00 against the yen.
The kiwi edged up to 0.6330 against the greenback, 1.6804
against the euro and 83.55 against the yen, off its prior lows of
0.6284, 1.6881 and 83.01, respectively. The kiwi may find
resistance around 0.66 against the greenback, 1.66 against the euro
and 86.00 against the yen.
Looking ahead, U.S. GDP data for the third quarter and weekly
jobless claims for the week ended December 17 will be published 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