Australian Dollar Drops Amid Risk Aversion
19 Agosto 2020 - 10:29PM
RTTF2
The Australian dollar weakened against its major counterparts in
the Asian session on Thursday, as Asian stock markets fell
following the negative cues from Wall Street after the Fed minutes
expressed concerns about a rebound in economic growth from the
virus outbreak.
The minutes of the Fed's July meeting noted that the coronavirus
outbreak is causing tremendous human and economic hardship across
the United States and around the world.
The Fed noted economic activity and employment have picked up
somewhat in recent months but remain well below their levels at the
beginning of the year.
"The ongoing public health crisis will weigh heavily on economic
activity, employment, and inflation in the near term, and poses
considerable risks to the economic outlook over the medium term,"
the Fed said.
The aussie fell to a 3-day low of 0.7161 against the greenback
and an 8-day low of 75.99 against the yen, off its early highs of
0.7193 and 76.31, respectively. The next possible support for the
aussie is seen around 0.68 against the greenback and 72.5 against
the yen.
Reversing from its early highs of 1.6469 against the euro and
0.9502 against the loonie, the aussie depreciated to a 2-day low of
1.6530 and a 6-day low of 0.9472, respectively. The aussie is seen
finding support around 1.70 against the euro and 0.93 against the
loonie.
The aussie edged lower to 1.0933 against the kiwi, after rising
to 1.0961 in early deals. The aussie is poised to challenge support
around the 1.06 mark.
Looking ahead, Eurozone construction output for June is due out
in the European session.
At 7:30 am ET, the European Central Bank releases the account of
the monetary policy meeting of the Governing Council held on July
15-16.
The U.S. weekly jobless claims for the week ended August 15 and
leading index for July are set for release in the New York
session.
AUD vs Yen (FX:AUDJPY)
Gráfica de Divisa
De Feb 2024 a Mar 2024
AUD vs Yen (FX:AUDJPY)
Gráfica de Divisa
De Mar 2023 a Mar 2024