FOREX TradingCharts.com

Forex News: Australian, NZ Dollars Advance Amid Risk Appetite

Australian, NZ Dollars Advance Amid Risk Appetite

04/13/2018 - 04:11:00 (RTTNews)

(RTTNews) - The Australian and New Zealand dollars strengthened against their major counterparts in early European deals on Friday, as sentiment improved on fading geopolitical worries following Trump's comments on Syria and rejoining TPP.

Trump tweet that the U.S. would rejoin the controversial Trans Pacific Partnership trade pact if the deal were substantially better than the one offered to former President Barack Obama helped eased geopolitical and trade tensions.

Regarding Syria, Trump tweeted that a possible U.S. missile strike on Syria might not be imminent. "Never said when an attack on Syria would take place. Could be very soon or not so soon at all!" Trump said.

Investors digested mixed Chinese trade data for March.

China's March exports fell an annual 2.7 percent in dollar terms to mark the first drop since February last year, while imports grew 14.4 percent, beating forecasts, customs data showed.

In economic front, data from BusinessNZ showed that the manufacturing sector in New Zealand continued to expand in March, albeit at a slower pace, with a seasonally adjusted PMI score of 52.2.

That's down from 53.3 in February, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The aussie climbed to 4-week highs of 1.5808 against the euro and 0.7796 against the greenback, from its early lows of 1.5901 and 0.7751, respectively. The aussie is seen finding resistance around 1.56 against the euro and 0.79 against the greenback.

The aussie strengthened to a 3-day high of 0.9802 against the loonie and more than a 4-week high of 83.93 versus the yen, coming off from its previous lows of 0.9756 and 83.14, respectively. If the aussie rises further, 0.99 and 86.00 are possibly seen as its next resistance levels against the loonie and the yen, respectively.

The aussie advanced to a 4-day high of 1.0559 against the kiwi, from Thursday's closing value of 1.0507. On the upside, 1.07 is likely seen as the next resistance for the aussie.

The New Zealand dollar firmed to near a 2-month high of 0.7392 against the greenback, more than 2-month high of 79.54 versus the yen and near a 3-month high of 1.6674 against the euro, reversing from its early lows of 0.7368, 79.09 and 1.6728, respectively. The next possible resistance for the kiwi is seen around 0.75 against the greenback, 81.00 versus the yen and 1.64 against the euro.

Looking ahead, Eurozone trade data for February is due in the European session.

In the New York session, Canada existing home sales for March and University of Michigan's preliminary consumer sentiment index for April are scheduled for release.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Carney's Remarks Drags Down Sterling (38 min(s), 45 sec(s) ago)
(RTTNews) - The pound slipped against its major counterparts in Asian session on Friday, as the Ba ...Full Story»

Dollar Rising After Mixed Economic Reports (57 min(s), 14 sec(s) ago)
(RTTNews) - The dollar is up against all of its major rivals Thursday afternoon. Traders are react ...Full Story»

Canadian Dollar Climbs On Higher Oil Prices (36 min(s), 14 sec(s) ago)
(RTTNews) - The Canadian dollar advanced against its major counterparts in the European session on ...Full Story»

Dollar Little Changed After Weekly Jobless Claims (45 min(s), 14 sec(s) ago)
(RTTNews) - Following the release of U.S. Jobless Claims for the week ended April 14 at 8.30 am ET ...Full Story»

Dollar Mixed Ahead Of Weekly Jobless Claims (39 min(s), 14 sec(s) ago)
(RTTNews) - The U.S. labor department's Jobless Claims for the week ended April 14 will be pub ...Full Story»

Pound Slides As U.K. Retail Sales Fall More Than Forecast (54 min(s), 14 sec(s) ago)
(RTTNews) - The pound dropped against its major counterparts in early European deals on Thursday, ...Full Story»

Pound Drops Further After U.K. Retail Sales (14 min(s), 46 sec(s) ago)
(RTTNews) - Following the release of UK retail sales data for March at 4:30 am ET Thursday, the po ...Full Story»

Pound Slides Ahead Of U.K. Retail Sales (20 min(s), 46 sec(s) ago)
(RTTNews) - The Office for National Statistics is scheduled to release UK retail sales data for Ma ...Full Story»

Search

FOREX NEWS

Carney's Remarks Drags Down Sterling

04/20/2018 - 04:11 AM (RTTNews)
(RTTNews) - The pound slipped against its major counterparts in Asian session on Friday, as the Ba ...Full Story>>

Dollar Rising After Mixed Economic Reports

04/19/2018 - 14:45 PM (RTTNews)
(RTTNews) - The dollar is up against all of its major rivals Thursday afternoon. Traders are react ...Full Story>>

Canadian Dollar Climbs On Higher Oil Prices

04/19/2018 - 09:24 AM (RTTNews)
(RTTNews) - The Canadian dollar advanced against its major counterparts in the European session on ...Full Story>>

Dollar Little Changed After Weekly Jobless Claims

04/19/2018 - 08:33 AM (RTTNews)
(RTTNews) - Following the release of U.S. Jobless Claims for the week ended April 14 at 8.30 am ET ...Full Story>>

Dollar Mixed Ahead Of Weekly Jobless Claims

04/19/2018 - 08:28 AM (RTTNews)
(RTTNews) - The U.S. labor department's Jobless Claims for the week ended April 14 will be pub ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.