Australian Dollar Drops Amid Risk Aversion

RTTNews | 1061 dagar sedan
Australian Dollar Drops Amid Risk Aversion

(RTTNews) - The Australian dollar fell against its most major counterparts in the European session on Monday, as a rise in COVID-19 cases in China and the energy crisis in Europe dampened risk sentiment.

China's commercial hub of Shanghai is bracing for another mass testing campaign after the discovery of a new subvariant Omicron BA.5.2.1. This has intensified the lockdown worries in the city.

Russia stopped gas exports through the Nord Stream gas pipeline, heightening a gas crisis in Europe.

Investors fear that Russia may extend the scheduled maintenance period in an attempt to destabilize Europe.

Commodity prices fell amid concerns over a global recession and the implementation of fresh COVID-19 curbs in multiple Chinese cities.

The aussie dropped to 4-day lows of 0.6782 against the greenback and 1.1032 against the kiwi, reversing from its early highs of 0.6855 and 1.1076, respectively. The aussie is likely to find support around 0.64 against the greenback and 1.07 against the kiwi.

The aussie was down against the loonie, at a 6-day low of 0.8823. On the downside, 0.86 is possibly seen as its next support level.

The aussie retreated to 92.92 against the yen, from a 6-day high of 93.69 seen in the previous session. The next likely support for the currency is seen around the 90.00 level.

Against the euro, the aussie remained lower, with the pair trading at 1.4888. The aussie is seen locating support around the 1.53 mark.

read more
U.S. Dollar Falls Amid Weak Data, Trade Tensions

U.S. Dollar Falls Amid Weak Data, Trade Tensions

The U.S. dollar slipped against its major counterparts in the New York session on Wednesday, following the release of weaker than expected economic data, as well as rising trade tensions.
RTTNews | 1 dag sedan
Yen Falls Amid Risk-on Mood

Yen Falls Amid Risk-on Mood

The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Asian stock markets traded higher on optimism about amicable trade deals being reached between the U.S. and its trade partners over the weekend after the recent uncertainty. Major currencies in the region also strengthened against the US dollar.
RTTNews | 2 dagar sedan
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
RTTNews | 2 dagar sedan
Antipodean Currencies Slide As China Manufacturing Activity Contracts

Antipodean Currencies Slide As China Manufacturing Activity Contracts

The antipodean currencies such as the Australia and the New Zealand dollars weakened against other major currencies in the Asian session on Tuesday, after China's manufacturing activity contracted for the first time in eight months in May as the rise in US trade tariff damped export orders.
RTTNews | 3 dagar sedan
U.S. Dollar Falls On Re-escalating US-China Trade Tensions

U.S. Dollar Falls On Re-escalating US-China Trade Tensions

The U.S. dollar weakened against other major currencies in the European session on Monday, as U.S. President Donald Trump's decision to double tariffs on steel and aluminum imports along with rising Sino-U.S. tensions threatened to rekindle global trade tensions.
RTTNews | 4 dagar sedan
NZ Dollar Rises Against Majors

NZ Dollar Rises Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Monday.
RTTNews | 4 dagar sedan
Yen Rises On Strong Tokyo Core Inflation Data

Yen Rises On Strong Tokyo Core Inflation Data

The Japanese yen strengthened against other major currencies in the Asian session on Friday, as Tokyo's core inflation data came in stronger than expected, increasing the chances of the Bank of Japan's (BoJ) 25 basis point rate hike in July.
RTTNews | 7 dagar sedan