Antipodean Currencies Slide Amid Risk Aversion
27 9월 2023 - 11:15AM
RTTF2
Antipodean currencies such as the Australia and the New Zealand
dollars weakened against their major currencies in the Asian
session on Wednesday, as investors remained cautious after the U.S.
Fed recently forecast another rate hike before the end of the year
and keeping rates at elevated levels for longer than previously
anticipated.
Minneapolis Federal Reserve President Neel Kashkari also wrote
in an essay posted on Tuesday that there is a 40 percent chance the
Federal Reserve will have to push rates "meaningfully higher" to
combat stubborn services inflation.
In economic news, Australia's monthly Consumer Price Index (CPI)
indicator rose 5.2 percent in the year to August 2023, accelerating
from a 4.9 percent gain in the year to July 2023 and matched the
market consensus. It was the first increase in annual inflation
since April. Inflation remained well above the Reserve Bank of
Australia's target range of 2 to 3 percent.
In the Asian trading today, the Australian dollar fell to more
than a 2-week low of 0.6377 against the U.S. dollar, from
yesterday's closing value of 0.6396. The aussie may test support
near the 061 region.
Against the yen and the euro, the aussie dropped to a 5-day low
of 95.05 and a 2-day low of 1.6561 from yesterday's closing quotes
of 95.33 and 1.6523, respectively. If the aussie extends its
downtrend, it is likely to find support around 91.00 against the
yen and 1.68 against the euro.
The aussie edged down to 0.8623 against the Canadian dollar,
from yesterday's closing value of 0.8644. On the downside, 0.84 is
seen as the next support level for the aussie.
The NZ dollar fell to a 5-day low of 0.5923 against the U.S.
dollar, from yesterday's closing value of 0.5944. The next support
level faced by the kiwi is seen around the 0.57 region.
Against the yen and the euro, the kiwi dropped to 2-day lows of
88.29 and 1.7830 from yesterday's closing quotes of 88.58 and
1.7774, respectively. If the kiwi extends its downtrend, it is
likely to find support around 86.00 against the yen and 1.81
against the euro.
The kiwi edged down to 1.0772 against the Australian dollar,
from yesterday's closing value of 1.0755. On the downside, 1.09 is
seen as the next support level for the kiwi.
Looking ahead, the European Central Bank is set to release euro
area monetary aggregates for August at 4:00 am ET in the European
session. M3 money supply is forecast to fall 1.0 percent annually
after a 0.4 percent drop in July.
In the New York session, U.S. MBA mortgage approvals data, U.S.
durable goods orders data for August and U.S. EIA crude oil data
are slated for release.
US Dollar vs CHF (FX:USDCHF)
외환 차트
부터 11월(11) 2023 으로 12월(12) 2023
US Dollar vs CHF (FX:USDCHF)
외환 차트
부터 12월(12) 2022 으로 12월(12) 2023
