Tag Archives: AUD/USD
Weekly Overview
To help Kiwi businesspeople and householders make informed financial decisions by discussing theeconomy and its implications in a language they can understand.
U.S. Dollar Remains Steady Against Most after Fed Taper
The dollar weakened against the yen and Swiss franc on Wednesday as traders reckoned emergency action taken to stall the fall of the Turkish currency would not be enough to calm jitters over global emerging markets.
Daily FX Wrap and Strategy
The NZD/USD has traded a tight range ahead of thismorning’s US Fed and RBNZ meetings. It sits around0.8270 at present.Risk appetite remained somewhat subdued overnight asemerging market concerns continued to simmer and
Daily Technical Report
EUR/USD continues to drift lower after its peakat 1.3739. Hourly supports stand at 1.3625(intraday low, see also 50% retracement) and1.3583 (22/01/2014 high).
The Global Macro Pulse
The USD lost ground against risk currencies ahead of the FOMC. AUD edged higher to 0.8805, NZD to 0.8277, leaving AUDNZD essentially unchanged at 1.0639 before the RBNZ meeting tonight.
UBS Morning Adviser
A question of when, not if There has not been a policy rate adjustment in New Zealand since March 2011, when a 50bp ‘insurance cut’ followed in the wake of the Canterbury earthquake.
Daily FX Wrap and Strategy
The NZD/USD sits a little higher this morning, at 0.8260,having traded as high as 0.8300 overnight.Broad risk appetite improved overnight,
Daily FX Update
EM risk aversion fears are easing into the NA open,with most equity markets stabilizing, US 10‐year yields back up to 2.78%and the USD mixed.
US Morning Update
Our expected 1.1025-1.1075 range yesterday was breached on the topside for more than one reason, as is generally the case in FX. We suspect that some F&C-related flow was partially to blame: either ‘real’ or ‘speculative’.
Daily Technical Report
EUR/USD continues to struggle after its Fridayintraday bearish reversal near the resistance at1.3699. Hourly supports stand at 1.3625 (intradaylow, see also 50% retracement) and 1.3583(22/01/2014 high).
The Global Macro Pulse
Asian FX recovered from yesterday’s lows, led by a 0.5% rally in KRW to 1078. The PHP, MYR and SGD have all strengthened marginally by 0.1% to 0.2%.
UBS Morning Adviser
Future guidance also now under the spotlight FX investors are still coming to terms with the near-spontaneous improvement in UK economic data several months ago.