Australian, NZ Dollars Drift Lower Amid Rising Risk Aversion

Date : 06/12/2019 @ 3:33AM
Source : RTTF2
Stock : Australian Dollar vs Japanese Yen (AUDJPY)
Quote : 75.71724  0.009115 (0.01%) @ 5:57PM
AUD vs Yen share price Chart

Australian, NZ Dollars Drift Lower Amid Rising Risk Aversion

Forex Chart

1 Year : From Jan 2019 to Jan 2020

Click Here for more AUD vs Yen Charts.

The Australian and New Zealand dollars slipped against their major counterparts in the Asian session on Wednesday amid rising risk aversion, as most Asian shares declined with investors awaiting further developments regarding the ongoing trade dispute between the U.S. and China.

Investors digested comments from U.S. President Donald Trump that he was holding up a trade deal with China and will not proceed with new trade talks until Beijing returns to terms that were previously agreed upon.

Following Trump's tariff threat, China's foreign ministry reportedly said it would respond firmly if the U.S. insisted on escalating its standoff with China.

In economic news, Australia's consumer confidence deteriorated in June as deepening concerns about the economy outweighed the initial boost from lower interest rates, survey data from Westpac showed.

The Westpac-Melbourne Institute Index of Consumer Sentiment fell to 100.7 in June from 101.3 in May.

The aussie weakened to a 9-day low of 0.6566 against the greenback, 8-day low of 75.24 against the yen and more than a 5-month low of 1.6327 against the euro, reversing from its early highs of 0.6964, 75.59 and 1.6264, respectively. The aussie is seen finding support around 0.67 against the greenback, 73.5 against the yen and 1.65 against the euro.

Reversing from an early high of 0.9250 and a weekly high of 1.0581, the aussie edged lower to 0.9229 against the loonie and 1.0561 against the kiwi, respectively. The currency is likely to target support around 0.91 against the loonie and 1.04 against the kiwi.

The kiwi slipped to a 9-day low of 0.6566 against the greenback and an 8-day low of 71.20 against the yen, off its early highs of 0.6587 and 71.49, respectively. If the kiwi falls further, 0.645 and 70.00 are likely seen as its next possible support levels against the greenback and the yen, respectively.

The kiwi declined to 1.7261 against the euro, its lowest since October 29, 2018. This follows a high of 1.7197 hit at 6:45 pm ET. On the downside, 1.73 is possibly seen as the next support level for the kiwi.

Looking ahead, at 4:15 am ET, European Central Bank President Mario Draghi will deliver a speech at the ECB conference on central, eastern, and south-eastern European countries, in Frankfurt.

The U.S. consumer prices and monthly budget statement for May are due in the New York session.

Latest AUDJPY Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200118 18:20:33