Tuesday, 26 May 2020
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Aussie Advances With Kiwi on Asia Export Optimism
Monday, 13 January 2020 11:48 WIB | CURRENCIES |AUD/USD,Aussie

The Australian and New Zealand dollars climbed as a stronger yuan and optimism about a recovery in Asian exports buoyed sentiment. The pound dropped after a Bank of England policy maker flagged the prospect of an interest-rate cut in January.

Aussie and kiwi gained for a second session as a rise in South Korea™s chip exports added to recent evidence that the region™s economies are gaining momentum. The offshore yuan strengthened past 6.9 per dollar for the first time since July while most other Group-of-10 currencies were range-bound with Japan shut for a holiday.

Risk sentiment was also supported as traders looked ahead to the signing of a partial U.S.-China trade deal this week.

AUD/USD rose 0.3% to 0.6919; NZD/USD advanced 0.3% to 0.6650. GBP/USD fell 0.2% to 1.303 after BOE™s Gertjan Vlieghe told theFinancial Times that he™ll vote for an easing this month if there are no signs of the economy improving after the general election.

USD/JPY climbed 0.2% to 109.61; the market is positioned for dollar buy-stops above the December 109.73 high, according to an Asia-based FX trader. Bloomberg Dollar Spot Index was little changed following a 0.1% drop Friday after U.S. wages and non-farm payrolls missed estimates.

Source : Bloomberg

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