• 火. 11月 30th, 2021

    TRADEVIEW MARKET-INSIDER

    Market news from tradeview.tech

    Yen, Swiss franc stand tall as risk aversion pummels Aussie, kiwi By Reuters

    ByTRADEVIEW FOREX

    7月 9, 2021


    © Reuters. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo

    By Kevin Buckland

    TOKYO (Reuters) – The safe-haven yen and Swiss franc stood tall on Friday, while risk-sensitive currencies including the Australian and New Zealand dollars dipped to fresh multi-month lows as investors turned cautious about the global economic recovery.

    Bonds have rallied while stocks took a hammering worldwide amid growing concerns the fast-spreading Delta variant of COVID-19 could derail a revival that is already showing pockets of weakness.

    The benchmark U.S. Treasury yield dipped to a nearly five-month low of 1.25% overnight, before rebounding to 1.3433% in Asia. It was as high as 1.5440% just two weeks ago.

    That decline in yields has pressured the U.S. currency. The clawed back part of Thursday’s 0.36% slide, rising less than 0.1% to 92.454. On Wednesday, it had pushed to a three-month high of 92.844.

    The euro held on to most of a 0.45% jump from overnight, slipping less than 0.1% to $1.18355.

    The yen changed hands at 109.915 per dollar, weakening about 0.15% after the previous session’s 0.8% rally.

    “There is certainly a wind of change in markets,” with concerns about inflation now shifting to concerns about growth, Rodrigo Catril, a strategist at National Australia Bank (OTC:), wrote in a client note.

    “There has not been a single catalyst triggering a turn in sentiment, instead it seems that an accumulation of events,” including the rapid spread of the Delta variant and perceptions that central bank tightening could choke the recovery, he said.

    Data on Thursday showed the number of Americans filing new claims for unemployment benefits rose unexpectedly last week, an indication that the labour market recovery from the COVID-19 pandemic continues to be choppy.

    The Swiss franc held on to gains from Thursday, when it soared more than 1%, to trade at 0.91525 per dollar.

    The slipped a further 0.2% to $0.74175 after earlier touching a fresh low for the year at $0.7410. On Thursday, it posted a 0.7% decline.

    New Zealand’s lost 0.1% to $0.69365, and dipped as low as $0.6923, matching the weakest level since November. It had plunged more than 1% in the previous session.

    “The longer the reassessment of a global recovery continues, the more these currencies will weaken,” Commonwealth Bank of Australia (OTC:) strategist Joseph Capurso wrote of the Antipodean currencies in a research note.

    “Our new forecasts predict weakness in these currencies for the rest of the year,” with Aussie falling to $0.72 and kiwi to $0.6650, “but the risk is both currencies dip modestly below our guidance,” he said.

    ========================================================

    Currency bid prices at 0446 GMT

    Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid

    Previous Change

    Session

    Euro/Dollar

    $1.1835 $1.1845 -0.07% -3.13% +1.1850 +1.1834

    Dollar/Yen

    109.9500 109.7750 +0.11% +6.40% +109.9600 +109.8000

    Euro/Yen

    130.13 130.01 +0.09% +2.53% +130.1900 +129.9500

    Dollar/Swiss

    0.9154 0.9150 +0.03% +3.45% +0.9158 +0.9148

    Sterling/Dollar

    1.3773 1.3789 -0.09% +0.83% +1.3793 +1.3769

    Dollar/Canadian

    1.2542 1.2532 +0.08% -1.52% +1.2556 +1.2529

    Aussie/Dollar

    0.7417 0.7432 -0.20% -3.58% +0.7439 +0.7410

    NZ

    Dollar/Dollar 0.6935 0.6946 -0.09% -3.36% +0.6953 +0.6923

    All spots

    Tokyo spots

    Europe spots

    Volatilities

    Tokyo Forex market info from BOJ



    Source link

    TradeviewForex入会特典

    Tradeviewforex.infoでは特別にトレード手数料を抑えたアカウントを提供しています。
    ・Xレバレッジ:手数料80%割引(例:1000円→200円)※スプレッド圧縮の形での還元
    ・ILC口座:1ロット当たりの手数料60%オフ(通常500円→300円)

    追加アカウントでの入会の場合は、連絡事項に「212283に乗換を希望」とご記入ください。

    English English Japanese Japanese