Australian, NZ Dollars Rise Amid Risk Appetite
05 Septiembre 2019 - 10:28PM
RTTF2
The Australian and New Zealand dollars strengthened against
their major counterparts in the Asian session on Friday, as Asian
shares rose amid optimism that U.S.-China trade tensions could be
easing and as upbeat U.S. payroll data eased worries about economic
growth.
Investors now look ahead to the release of U.S. jobs data for
August due later in the day.
Employment is expected to increase by 158,000 jobs in August
after climbing by 164,000 jobs in July. The unemployment rate is
expected to hold at 3.7 percent.
Traders are also likely to keep an eye on remarks by Federal
Reserve Chairman Jerome Powell on the economy and monetary
policy.
Survey from the Australian Industry Group showed that
Australia's construction sector continued to contract in August,
albeit at a slower pace, with a Performance of Construction Index
score of 44.6.
That's up sharply from 39.1 in July, although it still remains
beneath the boom-or-bust line of 50 that separates expansion from
contraction.
The aussie rose to 0.6824 against the greenback, 73.06 against
the yen and 1.6170 against the euro, from its early lows of 0.6807,
72.82 and 1.6204, respectively. The currency is likely to find
resistance around 0.71 against the greenback, 74.5 against the yen
and 1.60 against the euro.
The kiwi advanced to 0.6391 against the greenback and 1.0671
against the aussie, off its early lows of 0.6364 and 1.0706,
respectively. The next possible resistance for the kiwi is seen
around 0.66 against the greenback and 1.05 against the aussie.
The kiwi strengthened to more than a 2-week high of 68.41
against the yen, from a low of 68.06 hit at 5:30 pm ET. On the
upside, 71.00 is likely seen as the next resistance level for the
kiwi.
The kiwi that closed Thursday's trading at 1.7310 against the
euro appreciated to more than a 2-week high of 1.7265. If the kiwi
rises further, 1.70 is likely seen as its next resistance
level.
Looking ahead, Eurozone GDP and employment data for the second
quarter are set for release in the European session.
The U.S. and Canadian jobs data and Canada Ivey PMI - all for
August will be featured in the New York session.
AUD vs NZD (FX:AUDNZD)
Gráfica de Divisa
De Mar 2024 a Abr 2024
AUD vs NZD (FX:AUDNZD)
Gráfica de Divisa
De Abr 2023 a Abr 2024