Australian, NZ Dollars Advance On Rising Risk Appetite
24 Noviembre 2019 - 8:26PM
RTTF2
The Australian and New Zealand dollars strengthened against
their major counterparts in the Asian session on Monday amid rising
risk appetite, as investors cheered signs of progress in the
U.S-China trade talks.
U.S. President Trump's national security adviser Robert O'Brien
said on Saturday that an initial trade agreement with China is
still possible by the end of the year, but warned Washington would
not turn a blind eye to what happens in Hong Kong.
Chinese President Xi Jinping said China wants to work toward a
phase one agreement on the basis of mutual respect and equality but
will fight back if necessary.
The next round of U.S. tariffs on Chinese goods is set to take
effect on December 15th, potentially complicating efforts to reach
an agreement.
The aussie rose to 4-day highs of 74.00 against the yen and
0.9039 against the loonie, from its early lows of 73.74 and 0.9023,
respectively. The aussie is likely to find resistance around 76.5
against the yen and 0.95 against the loonie.
Reversing from an early low of 1.6239 against the euro, the
aussie spiked up to a 6-day high of 1.6213. The aussie is seen
finding resistance around the 1.60 level.
The aussie advanced to 0.6799 against the greenback, from a low
of 0.6787 hit at 6:00 pm ET. Next key resistance for the aussie is
seen around the 0.71 mark.
The kiwi climbed to 4-day highs of 0.6428 against the greenback
and 69.93 against the yen, off its previous lows of 0.6405 and
69.61, respectively. On the upside, 0.66 and 71.5 are possibly seen
as the next resistance levels for the kiwi against the greenback
and the yen, respectively.
The kiwi appreciated to near a 2-week high of 1.7151 against the
euro, following a decline to 1.7206 at 6:30 pm ET. The kiwi is
likely test resistance around the 1.70 area.
The kiwi reversed from an early low of 1.0600 against the
aussie, rising to 1.0577. If the kiwi rises further, 1.04 is
possibly seen as its next resistance level.
Looking ahead, German Ifo business sentiment index for November
is due out in the European session.
Canada wholesale sales for September will be released at 8:30 am
ET.
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