Australian, New Zealand Dollars Drop On Coronavirus Fears
26 Febbraio 2020 - 5:23AM
RTTF2
The Australian and New Zealand dollars slipped against their
major counterparts on Tuesday, after U.S. health authorities warned
of a wider spread of the coronavirus in the U.S. and asked its
citizens to prepare for the outbreak.
The U.S. Centers for Disease Control and Prevention warned on
Tuesday that the coronavirus was "a rapidly escalating
epidemic."
Coronavirus cases rose by 169 in South Korea, taking the overall
tally to 1,146.
An American soldier stationed in South Korea became the first
service member to test positive for the coronavirus, according to a
U.S. Forces Korea statement. He is currently self-quarantined at
his off-base residence.
The virus has killed 2,715 people and infected over 78,000 in
China. In the rest of the world, there have been more than 40
deaths and 2,700 cases.
Data from the Australian Bureau of Statistics showed that the
total value of construction work done in Australia was down a
seasonally adjusted 3.0 percent on quarter in the fourth quarter of
2019, coming in at A$49.773 billion. That missed forecasts for a
decline of 1.0 percent following the 0.4 percent decline in the
three months prior.
The aussie declined to 0.6569 against the greenback, its weakest
level since March 2009. The aussie is likely to test support around
the 0.63 region.
The aussie fell to a 2-day low of 0.8728 against the loonie and
a fresh 3-week low of 1.6550 against the euro, off its early highs
of 0.8776 and 1.6445, respectively. The aussie is poised to find
support around 0.86 against the loonie and 1.68 against the
euro.
Pulling away from an early 2-day high of 1.0457 versus the kiwi,
the aussie edged down to 1.0411. On the downside, 1.03 is seen as
the next support level for the aussie.
The aussie was down at 72.38 against the yen, a level unseen
since October 2019. The aussie is seen facing support around the
70.5 region.
The kiwi depreciated to a 2-day low of 0.6305 against the
greenback and more than a 3-month low of 1.7251 against the euro,
from its early highs of 0.6322 and 1.7193, respectively. Next
likely support for the kiwi is seen around 0.62 against the
greenback and 1.76 against the euro.
The kiwi fell back to 69.50 versus the yen, not far from more
than a 3-month low of 69.47 set in early deals. If the kiwi falls
further, 67.00 is likely seen as its next support level.
Looking ahead, at 10:00 am ET, U.S. new home sales data for
January is scheduled for release.
Grafico Cross AUD vs US Dollar (FX:AUDUSD)
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Grafico Cross AUD vs US Dollar (FX:AUDUSD)
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