Live Terminal
Telegram

Australia, NZ dollars firm as French fallout pressures euro

Share on WhatsApp Telegram
⚡ Instant Key Takeaways (TL;DR)
🎯
Core Development: Australia, NZ dollars firm as French fallout pressures euro
📊
Market & Financial Impact: AUSTRALIA-FOREX/:Australia, NZ dollars firm as French fallout pressures euro
💡
Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

SYDNEY, Oct 20 (Reuters) - The Australian and New Zealand dollars held firm on Tuesday helped by gains on European currencies following riots in France, while investors awaited developments on domestic interest rates.

The Aussie was flat at $0.6977, having risen 0.5% overnight and away from a recent 15-week trough of $0.68945. Near-term resistance comes in at $0.6993 and $0.7015.

It also bounced on the euro, sterling and the Swiss franc as political concerns hit bonds across the continent.

The kiwi dollar stood at $0.5665, after edging up 0.1% overnight. Major support lies at the recent 17-month low of $0.5566, with resistance at $0.5675 and $0.5750.

The next domestic hurdle for the Aussie will be an appearance by Reserve Bank of Australia Deputy Governor Andrew Hauser on Wednesday where he is likely to field questions about the chance of a fifth hike in rates this year.

📰
Official Publisher Attribution: This report is aggregated from LiveMint. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on LiveMint ↗
⚡
Get Breaking Stock Alerts & Q-Results on Telegram
Real-time 1200x675 image cards and financial filings delivered instantly.
Join @Zerolive_news ↗
Link copied to clipboard! ✅