Australian, NZ Dollars Fall On Fed Concerns
27 Febbraio 2023 - 5:53AM
RTTF2
The Australian and NZ dollars declined against their major
counterparts in the Asian session on Monday, as strong U.S.
personal consumption expenditures data stoked fears of higher rates
from the Federal Reserve.
The data renewed hopes that the Fed will hike rates at the next
three monetary policy meetings.
Money markets expect the Fed funds rate to hit a peak of 5.408
percent in September.
Data from the Australian Bureau of Statistics showed that
Australia's company gross operating profits surged a seasonally
adjusted 10.6 percent on quarter in the fourth quarter of 2022.
That blew away expectations for an increase of 1.5 percent
following the upwardly revised 11.5 percent decline in the three
months prior.
The aussie was down against the yen, at 91.33. On the downside,
88.00 is possibly seen as its next support level.
The aussie was marginally lower against the kiwi, with the pair
trading at 1.0915. If the currency extends decline, 1.06 is
possibly seen as its next support level.
The aussie weakened to near a 6-week low of 1.5731 against the
euro and near 2-month lows of 0.6698 against the greenback and
0.9125 against the loonie, off its early highs of 1.5655, 0.6742
and 0.9163, respectively. The next possible support for the aussie
is seen around 1.61 against the euro, 0.64 against the greenback
and 0.89 against the loonie.
The kiwi depreciated to near a 4-month low of 1.7185 against the
euro, more than 3-month low of 0.6131 against the greenback and a
4-day low of 83.61 against the yen, from its early highs of 1.7088
and 0.6173 and a 4-day high of 84.21, respectively. The kiwi is
seen finding support around 1.75 against the euro, 0.59 against the
greenback and 78.00 against the yen.
Looking ahead, at 5.00 am ET, the European Commission publishes
euro area economic sentiment survey results.
U.S. durable goods orders for January will be featured 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
