|Day's Range||0.687 - 0.689|
|52 Week Range||0.6426 - 0.7437|
In my opinion, the single biggest influence on the Aussie and Kiwi at this time is U.S.-China relations. Even a Wall Street Journal article saying the Fed is likely to take a “wait-and-see” approach to future rate hikes failed to bring buyers into the AUD/USD and NZD/USD. Although we’re likely to see periodic rallies tied to oversold conditions or economic data, I don’t think the Australian and New Zealand Dollars will be able to mount a strong rally as long as there is uncertainty over the trade talks.
A shift in sentiment towards FED monetary policy and trade war jitters pin back the Greenback as the markets prepare for the next Brexit saga.
The direction of the AUD/USD and NZD/USD this week will likely be determined by investor demand for risk. And this is likely to be controlled by U.S. China relations. There are no major reports from Australia and New Zealand this week.
According to the WSJ, members of the U.S. Federal Reserve are reportedly debating whether to signal a “wait-and-see” approach after a probable hike to the central bank’s benchmark rate at its December meeting.
Can U.S NFP and wage growth numbers come to the market’s rescue? Some will be hoping for soft numbers to dial back expectations of a December hike.
Investing.com - The safe haven yen was higher against the U.S. dollar on Thursday as the arrest of a leading Chinese executive in Canada threatened to escalate tensions between the U.S. and China, prompting investors to move out of riskier assets.
With Australian and New Zealand Dollar investors focusing primarily on U.S.-China trade relations and a risk-off environment, today’s U.S. economic events may take a backseat. Look for further downside pressure today especially if U.S. equity markets continue to weaken.
It’s a choppy start to the day and unlikely to get better, with a heavy set of stats out of the U.S, Brexit and Trade Chatter to drive the majors.
The AUD/USD is under pressure on Wednesday after investors pushed potential rate hikes by the Reserve Bank of Australia further into the future in the wake of disappointing third-quarter economic growth. Economists expect the central bank to keep the cash rate on hold at 1.5 percent until at least the fourth quarter of 2019.
With the U.S markets closed focus shifts back to the Pound, which is under intense pressure as British PM struggles in the Commons.
In spite of the EURUSD’s recent recovery, the pair is still left to surpass 1.1430-35 resistance-confluence, comprising 50-day SMA & immediate TL barrier, which in-turn may trigger the quote’s dip to 1.1300 but an upward slanting support-line, at 1.1280, can limit its additional downside. In case the pair continue trading southwards past-1.1280, the 1.1260 and the 1.1215 could be cause of concern as break of which might not hesitate fetching the pair to 61.8% FE level of 1.1100. Should extra short-covering fuels the pair beyond 1.1435 on a daily closing basis, the 1. ...
Investing.com - The dollar fell on Tuesday in Asia as traders fled the greenback in favour of risk-sensitive currencies on easing U.S.-China trade worries.
Investing.com - The dollar was lower on Monday after the U.S. and China agreed to a temporary trade war truce, while sterling inched down amid worries over Brexit.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.30% to 96.90 as of 10:28 AM ET (15:28GMT).Investors turned away from risk-averse assets after U.S. President Donald Trump and Chinese President Xi Jinping agreed at the G20 summit to hold off on increasing tariffs as the two continue trade talks. ...
Investing.com - The dollar was broadly lower against a currency basket on Monday after the U.S. and China pulled back from escalating their trade war, sending investors into risk-on mode and dampening safe haven demand for the U.S. currency.
Investing.com – The dollar gave up some ground Monday morning in Asia as investors piled into stocks, oil and riskier Asian currencies following a thawing of U.S.-China trade tensions over the weekend.
The dollar was higher on Friday after manufacturing activity in the Chicago area rose to a four-and-a-half-year high. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.36% to 97.04 as of 10:16 AM ET (15:16 GMT). The Chicago purchasing managers’ index rose to 66.4 in November, compared to expectations for a rise to 58.6, the Institute for Supply Management reported.
The dollar inched up on Friday, as investors turned their focus to the G20 summit that kicks off later in the day in Argentina. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.22% to 96.91 as of 5:19 AM ET (10:19 GMT). U.S. President Donald Trump and his Chinese counterpart Xi Jinping are expected to meet on the sidelines of the G20 summit this weekend.
Investing.com – The dollar bounced back slightly on Friday morning in Asia, ahead of the G20 summit that kick off later in the day. U.S. President Donald Trump and his Chinese counterpart Xi Jinping are expected to discuss trade.
Investing.com – The dollar slipped on Thursday morning in Asia after the chairman of the U.S. Federal Reserve Jerome Powell said interest rates are “just below neutral,” signaling a potential end of the bank’s cycle of rate hike.
Investing.com - The dollar was little changed on Wednesday even after Federal Reserve Vice Chair Richard Clarida backed further rate hikes.
Investing.com - The dollar inched down on Monday amid geopolitical tensions as investors pause ahead of a planned meeting between U.S.-China leaders later this week.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.04% to 96.785 as of 10:09 AM ET (15:09 GMT), retreating from one-week highs of 96.96 reached overnight.Trade worries weighed on the greenback, as investors wait for the G20 summit in Argentina on Friday. U.S. ...
Investing.com - The British pound was little changed on Monday, a day after European Union leaders approved the terms of the UK’s withdrawal from the bloc, as market watchers focused on whether the Brexit deal will pass a vote in the British parliament.
Investing.com - The dollar was unchanged on Thursday as safe-haven demand remained subdued after a rebound in U.S. stocks overnight.
Investing.com - The U.S. dollar was lower on Wednesday, while the euro rose as the equity selloff eased and demand for risk-averse commodities fell.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.22% to 96.502, as of 10:43 AM ET (15:43 GMT).Wall Street rallied, with technology stocks recovering from their losses earlier in the week.The greenback has been under pressure due to dovish comments from Federal Reserve policymakers and some unexpectedly weak U.S. ...