Australian, NZ Dollars Drop; Yen Climbs On Fed Rate Hike Fears
The Australian and NZ dollars fell against their major
counterparts in the Asian session on Thursday, while the Japanese
yen firmed, amid a sell-off in Asian shares on concerns about an
aggressive tightening of monetary policy by the U.S. Federal
The minutes from the Fed's December meeting showed that the
central bank is prepared for earlier and faster rate hikes in the
wake of an improvement in the labor market and elevated inflation
Money markets are assigning an 80 percent possibility for a rate
hike in March following the hawkish Fed minutes.
The minutes fueled a rally in U.S. treasury yields, but dragged
Concerns over higher rates and economic risks from the rapid
spread of the Omicron variant sapped demand for riskier assets and
lifted the safe-haven yen.
The aussie dropped to fresh 2-week lows of 0.7167 against the
greenback and 1.5775 against the euro, following its prior highs of
0.7223 and 1.5656, respectively. Next key support for the aussie is
likely seen around 0.70 against the greenback and 1.585 against the
The aussie pulled back from its previous highs of 83.89 against
the yen and 0.9215 against the loonie, weakening to 2-day lows of
82.98 and 0.9165, respectively. If the aussie continues its fall,
80.00 and 0.90 are possibly seen as its next support levels against
the yen and the loonie, respectively.
The aussie remained lower against the kiwi, at a 2-day low of
1.0612. The aussie is seen finding support around the 1.045
The kiwi declined to a fresh 2-week low of 0.6742 against the
greenback, 3-day low of 78.13 against the yen and more than a
2-week low of 1.6756 against the euro, down from its early highs of
0.6796, 78.92 and 1.6629, respectively. The kiwi is poised to
challenge support around 0.66 against the greenback, 76.00 against
the yen and 1.70 against the euro.
The yen touched 2-day highs of 130.82 against the euro, 156.51
against the pound, 126.01 against the franc and 90.49 against the
loonie, off its previous lows of 131.43, 157.48, 126.72 and 91.05,
respectively. The currency may possibly challenge resistance around
127.5 against the euro, 153.00 against the pound, 121.00 against
the franc and 88.00 against the loonie.
The yen rose to 115.79 against the greenback, after declining to
116.19 at 7:30 pm ET. On the upside, 112.00 is likely seen as its
next resistance level.
Looking ahead, Eurozone PPI for November, U.K. services and
German construction PMIs for December are due out in the European
At 8:00 am ET, German preliminary CPI for December is scheduled
U.S. weekly jobless claims for the week ended January 1, ISM
non-manufacturing PMI for December, factory orders for November and
U.S. and Canadian trade data for the same month will be released in
the New York session.
AUD vs US Dollar (FX:AUDUSD)
Von Apr 2022 bis Mai 2022
AUD vs US Dollar (FX:AUDUSD)
Von Mai 2021 bis Mai 2022