The
Australian dollar set a fresh six-year low, pressured by a slide in
gold prices as well as caution ahead of forthcoming events, including a
speech by Reserve Bank of Australia Governor Glenn Stevens and
Australia's second-quarter CPI inflation data, both due on Wednesday.
The Aussie slid 0.5 percent to $0.7339 AUD=D3. It fell to $0.7328 at one point, its lowest level since May 2009.
Gold XAU= plunged 4 percent to a five-year low at one point as it breached critical technical support levels, and as the U.S. dollar strengthened.
The New Zealand dollar NZD=D3, which set a six-year low $0.6498 on Thursday, inched up 0.1 percent to $0.6514 NZD=D3.
"The Australian dollar and New Zealand dollar will remain sells on any sort of rally," said Jeffrey Halley, a trader for Saxo Capital Markets in Singapore, referring to the outlook going into Australia's CPI data and a Reserve Bank of New Zealand rate decision.
On Thursday, the RBNZ is expected to cut interest rates by 25 basis points to 3.0 percent, and many expect a further easing to at least 2.5 percent over time.
The Aussie slid 0.5 percent to $0.7339 AUD=D3. It fell to $0.7328 at one point, its lowest level since May 2009.
Gold XAU= plunged 4 percent to a five-year low at one point as it breached critical technical support levels, and as the U.S. dollar strengthened.
The New Zealand dollar NZD=D3, which set a six-year low $0.6498 on Thursday, inched up 0.1 percent to $0.6514 NZD=D3.
"The Australian dollar and New Zealand dollar will remain sells on any sort of rally," said Jeffrey Halley, a trader for Saxo Capital Markets in Singapore, referring to the outlook going into Australia's CPI data and a Reserve Bank of New Zealand rate decision.
On Thursday, the RBNZ is expected to cut interest rates by 25 basis points to 3.0 percent, and many expect a further easing to at least 2.5 percent over time.
No comments:
Post a Comment