FOREX TradingCharts.com

Forex News: Australian, NZ Dollars Weaken On Virus Concerns

Australian, NZ Dollars Weaken On Virus Concerns

12/21/2020 - 02:48:00 (RTTNews)

(RTTNews) - The Australian and NZ dollars fell against their major counterparts in the Asian session on Monday, as worries over a new variant of Covid-19 spreading in Britain and uncertainty about a post-Brexit deal before the end of the year deteriorated risk sentiment.

The British government on Saturday imposed tighter restrictions on London and south-east England, warning that the new strain of the virus was "out of control".

European countries have imposed travel bans on the U.K., while other countries are expected to follow suit.

Virus cases continued to rise on Sydney in Australia, prompting other states and territories to prohibit travelers from the city.

Resurgence in virus outbreaks around the globe overshadowed news of U.S. lawmakers agreeing to the much-awaited aid package of around $900 billion.

The aussie depreciated to 5-day lows of 0.7556 against the greenback and 78.15 against the yen, off its early highs of 0.7606 and 78.64, respectively. The aussie is poised to find support around 0.73 against the greenback and 76.00 against the yen.

The aussie reversed from its early highs of 1.6075 against the euro and 0.9739 against the loonie and was trading at 1.6136 and 0.9704, respectively. The next key support for the aussie is seen around 1.65 against the euro and 0.96 against the loonie.

The aussie pulled back to 1.0660 against the kiwi, after touching 1.0700, which was its strongest level since November 9. If the aussie slides further, 1.045 is likely seen as its next support level.

Data from the Reserve Bank of New Zealand showed that New Zealand's credit card spending rose for the third month in a row in November.

Overall credit card spending rose 0.1 percent month-on-month in November, after a 1.5 percent increase in October.

The kiwi weakened to 5-day lows of 0.7084 against the greenback and 73.23 against the yen, down from its early highs of 0.7124 and 73.66, respectively. The kiwi is seen finding support around 0.68 against the greenback and 72.00 against the yen.

The kiwi edged down to 1.7212 against the euro, from a high of 1.7158 set at 6:00 pm ET. On the downside, 1.74 is likely seen as its next support level.

Looking ahead, Canada new housing price index for November is due in the New York session.

Eurozone flash consumer sentiment index for December is set for release at 10:00 am ET.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Loonie Little Changed Following Canada CPI (09 hr(s), 23 min(s), 45 sec(s) ago)
(RTTNews) - After the release of Canada consumer inflation for December at 8:30 am ET Wednesday, t ...Full Story»

Loonie Mixed Ahead Of Canada CPI (09 hr(s), 32 min(s), 45 sec(s) ago)
(RTTNews) - Canada consumer inflation for December is due at 8:30 am ET Wednesday. Ahead of the da ...Full Story»

Pound Climbs Following Strong U.K. Inflation Data (11 hr(s), 56 min(s), 45 sec(s) ago)
(RTTNews) - The pound firmed against its major counterparts in the European session on Wednesday, ...Full Story»

Euro Little Changed After Eurozone Inflation (12 hr(s), 56 min(s), 45 sec(s) ago)
(RTTNews) - At 5.00 am ET Wednesday, Eurostat has published euro area final consumer price data fo ...Full Story»

Euro Drops Ahead Of Eurozone Inflation (13 hr(s), 02 min(s), 45 sec(s) ago)
(RTTNews) - At 5.00 am ET Wednesday, Eurostat publishes euro area final consumer price data for De ...Full Story»

Indian Rupee Hits 5-day High Against U.S. Dollar (13 hr(s), 14 min(s), 45 sec(s) ago)
(RTTNews) - The Indian rupee climbed against the U.S. dollar in afternoon deals on Wednesday, as r ...Full Story»

U.S. Dollar Falls On Improved Risk Sentiment Before Biden's Inauguration (14 hr(s), 47 min(s), 45 sec(s) ago)
(RTTNews) - The U.S. dollar drifted lower against its key counterparts in the Asian session on Wed ...Full Story»

Euro Little Changed After German PPI (15 hr(s), 53 min(s), 44 sec(s) ago)
(RTTNews) - Destatis has released Germany's producer price figures for December at 2.00 am ET ...Full Story»

Search

FOREX NEWS

Loonie Little Changed Following Canada CPI

01/20/2021 - 08:37 AM (RTTNews)
(RTTNews) - After the release of Canada consumer inflation for December at 8:30 am ET Wednesday, t ...Full Story>>

Loonie Mixed Ahead Of Canada CPI

01/20/2021 - 08:29 AM (RTTNews)
(RTTNews) - Canada consumer inflation for December is due at 8:30 am ET Wednesday. Ahead of the da ...Full Story>>

Pound Climbs Following Strong U.K. Inflation Data

01/20/2021 - 06:05 AM (RTTNews)
(RTTNews) - The pound firmed against its major counterparts in the European session on Wednesday, ...Full Story>>

Euro Little Changed After Eurozone Inflation

01/20/2021 - 05:02 AM (RTTNews)
(RTTNews) - At 5.00 am ET Wednesday, Eurostat has published euro area final consumer price data fo ...Full Story>>

Euro Drops Ahead Of Eurozone Inflation

01/20/2021 - 04:58 AM (RTTNews)
(RTTNews) - At 5.00 am ET Wednesday, Eurostat publishes euro area final consumer price data for De ...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.