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MoneyAustralia, New Zealand dollars drift off as data disappoint

06:05  13 june  2019
06:05  13 june  2019 Source:   reuters.com

Australia, New Zealand dollars on defensive amid changing trade, rate outlooks

Australia, New Zealand dollars on defensive amid changing trade, rate outlooks Australia, New Zealand dollars on defensive amid changing trade, rate outlooks

The Australian dollar has edged lower in very quiet trade as the Sino-US trade dispute showed every sign of dragging on, and domestic economic The lack of response to the Reserve Bank of Australia 's cut in interest rates last week just reinforced excitations of further easing and futures imply an 88 per

The New Zealand Dollar is in a rut and is unlikely to break out either upwards or downwards as the Crude Oil Price Forecast: Drifting Towards Technical Support. Australian Dollar Targets 2009 This all suggests a neutral bias for NZD , although IG Client Sentiment data suggest that NZDUSD could

Australia, New Zealand dollars drift off as data disappoint© Reuters/Daniel Munoz Illustration photo of Australian dollars

The Australian and New Zealand dollars edged lower on Wednesday in very quiet trade as the Sino-U.S. trade dispute showed every sign of dragging on, and domestic economic news generally disappointed.

President Donald Trump said on Tuesday he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees to four or five "major points" which he did not specify.

The Aussie slipped a shade to $0.6948 and away from Monday's peak at $0.7025. Support is just below at $0.6940/45.

The kiwi dollar drifted off to $0.6571, leaving behind the recent five-week top of $0.6681 and threatening chart support around $0.6560.

India, New Zealand split points after Trent Bridge washout

India, New Zealand split points after Trent Bridge washout India, New Zealand split points after Trent Bridge washout

53,109.80 NZD . Convert New Zealand Dollar to Australian Dollar . Our currency rankings show that the most popular Australia Dollar exchange rate is the USD to AUD rate. The currency code for Dollars is AUD, and the currency symbol is $.

Kiwis could spend 10 years waiting for citizenship while living and paying taxes in Australia .

The Aussie found a little support from a fresh jump in prices for iron ore, the country's biggest export earner. A mix of tightening supplies and robust Chinese demand lifted Dalian iron ore futures to record highs.

The September contract at 778.5 yuan was equal to a lucrative A$162 a tonne for Aussie miners.

The news at home was not so promising with Westpac's measure of consumer confidence easing 0.6% in June amid concerns about the economic outlook.

The lack of response to the Reserve Bank of Australia's (RBA) cut in interest rates last week just reinforced excitations of further easing and futures imply an 88% chance of a move by August.

Australian government bond futures inched higher, with the three-year bond contract up half a tick at 98.945. The 10-year contract firmed 1 tick to 98.5450.

In New Zealand, data on electronic retail card spending surprised by showing a 0.5% drop in May, led by softness in durable goods. The data covers about 68% of core retail sales.

"Spending on durables has been trending sideways since late 2018," said Satish Ranchhod, a senior economist at Westpac. "This likely reflects the softening in the housing market over the past year."

"With lingering softness in the housing market to date, we expect to see only moderate growth in retail spending over the coming months."

'Drug courier', 20, who allegedly helped her boyfriend move thousands of dollars of cannabis sobs hysterically as she is refused bail.
Kathleen Day, 20, appeared in Wollongong courthouse on Friday accused of couriering cannabis between Illawarra and Goulburn for her boyfriend Connor O'Dwyer. She cried and fell to the floor of her holding cell after being told she had been refused bail and would have to remain behind bars. © Provided by Associated Newspapers Limited Day was charged with eight counts of taking part in the supply of an indictable quantity of drugs Detectives from Goulburn set up Strike Force Arte in July 2018 targeting an alleged drug dealer, Richard Stuart Redman, according to court documents.

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