FOREX TradingCharts.com

Forex News: Australian, NZ Dollars Advance On Vaccine Optimism

Australian, NZ Dollars Advance On Vaccine Optimism

08/24/2021 - 04:31:00 (RTTNews)

(RTTNews) - The Australian and NZ dollars strengthened against their major counterparts in the Asian session on Tuesday amid rising risk appetite, as U.S. authorities gave full approval for the Pfizer-BioNTech Covid vaccine.

The new authorization grant final approval for Pfizer's vaccine in the United States for people aged 16 and older.

Growing cases of Delta variant virus dampened hopes for an early tapering of the Fed's bond buying program.

Market participants have scaled down their expectations that Fed Chair Jerome Powell's speech at Jackson Hole this week will indicate a timeline for winding down the Fed's bond-buying program.

Data from Statistics New Zealand showed that New Zealand retail sales rose a seasonally adjusted 3.3 percent on quarter in the second quarter of 2021 - accelerating from 2.8 percent in the three months prior.

The total value of retail sales rose 4.0 percent on quarter (NZ$1.1 billion).

The aussie appreciated to 5-day highs of 0.7238 against the greenback, 79.52 against the yen and 1.6225 against the euro, up from its prior lows of 0.7201, 79.01 and 1.6302, respectively. The aussie is seen finding resistance around 0.75 against the greenback, 82.00 against the yen and 1.60 against the euro.

The aussie rebounded to 0.9147 against the loonie, up from a 15-month low of 0.9114 seen at 9 pm ET. On the upside, 0.93 is possibly seen as its next resistance level.

The kiwi firmed to 6-day highs of 0.6943 against the greenback, 76.28 against the yen and 1.6914 against the euro, from its early lows of 0.6879, 75.50 and 1.7064, respectively. The next possible resistance for the kiwi is seen around 0.71 against the greenback, 78.00 against the yen and 1.66 against the euro.

The kiwi edged up to 1.0423 against the aussie, off its early low of 1.0471. Next key resistance for the kiwi is seen around the 1.03 level.

Looking ahead, U.S. new home sales for July will be featured in the New York session.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Little Changed After U.S. Consumer Sentiment Index (04 hr(s), 54 min(s), 41 sec(s) ago)
(RTTNews) - The University of Michigan's preliminary U.S. consumer sentiment index for Septemb ...Full Story»

Dollar Rises Ahead Of U.S. Consumer Sentiment Index (05 hr(s), 06 min(s), 42 sec(s) ago)
(RTTNews) - The University of Michigan's preliminary U.S. consumer sentiment index for Septemb ...Full Story»

Swiss Franc Declines Against Most Majors (06 hr(s), 39 min(s), 42 sec(s) ago)
(RTTNews) - The Swiss franc depreciated against its most major rivals during the European session ...Full Story»

Australian Dollar Advances Amid China's Liquidity Support (08 hr(s), 09 min(s), 42 sec(s) ago)
(RTTNews) - The Australian dollar climbed against its major counterparts in the European session o ...Full Story»

Euro Little Changed After Eurozone CPI (09 hr(s), 57 min(s), 41 sec(s) ago)
(RTTNews) - At 5.00 am ET Friday, Eurostat has released euro area final consumer price data. The e ...Full Story»

Euro Mixed Ahead Of Eurozone CPI (10 hr(s), 09 min(s), 42 sec(s) ago)
(RTTNews) - At 5.00 am ET Friday, Eurostat is set to release euro area final consumer price data. ...Full Story»

Pound Eases After U.K. Retail Sales Data (12 hr(s), 57 min(s), 42 sec(s) ago)
(RTTNews) - At 2.00 am ET Friday, the Office for National Statistics has released UK retail sales ...Full Story»

Pound Climbs Ahead Of U.K. Retail Sales (13 hr(s), 06 min(s), 42 sec(s) ago)
(RTTNews) - At 2.00 am ET Friday, the Office for National Statistics releases UK retail sales data ...Full Story»

Search

FOREX NEWS

Dollar Little Changed After U.S. Consumer Sentiment Index

09/17/2021 - 10:12 AM (RTTNews)
(RTTNews) - The University of Michigan's preliminary U.S. consumer sentiment index for Septemb ...Full Story>>

Dollar Rises Ahead Of U.S. Consumer Sentiment Index

09/17/2021 - 10:00 AM (RTTNews)
(RTTNews) - The University of Michigan's preliminary U.S. consumer sentiment index for Septemb ...Full Story>>

Swiss Franc Declines Against Most Majors

09/17/2021 - 08:27 AM (RTTNews)
(RTTNews) - The Swiss franc depreciated against its most major rivals during the European session ...Full Story>>

Australian Dollar Advances Amid China's Liquidity Support

09/17/2021 - 06:57 AM (RTTNews)
(RTTNews) - The Australian dollar climbed against its major counterparts in the European session o ...Full Story>>

Euro Little Changed After Eurozone CPI

09/17/2021 - 05:10 AM (RTTNews)
(RTTNews) - At 5.00 am ET Friday, Eurostat has released euro area final consumer price data. The e ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.