2025-01-14 17:20
IndustryAustralia, NZ dollars get some relief before infla
The Australian and New Zealand dollars got some much needed relief on Tuesday after hitting multi-year lows, although risk is still skewed to the downside as closely watched US inflation reports loom. The Aussie rose 0.1% to $0.6183, having bounced 0.5% overnight to move away from a five-year low of $0.6131. It faces resistance at the 7-day moving average of 62 cents, with support at a key chart level of $0.6099. The kiwi dollar gained 0.3% to $0.5599, after rising 0.5% overnight to move away from a two-year trough of $0.5542.
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Australia, NZ dollars get some relief before infla
| 2025-01-14 17:20The Australian and New Zealand dollars got some much needed relief on Tuesday after hitting multi-year lows, although risk is still skewed to the downside as closely watched US inflation reports loom. The Aussie rose 0.1% to $0.6183, having bounced 0.5% overnight to move away from a five-year low of $0.6131. It faces resistance at the 7-day moving average of 62 cents, with support at a key chart level of $0.6099. The kiwi dollar gained 0.3% to $0.5599, after rising 0.5% overnight to move away from a two-year trough of $0.5542.
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