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Print Print 2020-04-07

Aussie, kiwi inch up

The Australian and New Zealand dollars inched ahead on Monday as investors found cheer in slowing death rates in some of the countries worst hit by the coronavirus, lifting share markets across Asia.
Published 07 Apr, 2020 12:00am

The Australian and New Zealand dollars inched ahead on Monday as investors found cheer in slowing death rates in some of the countries worst hit by the coronavirus, lifting share markets across Asia.
The Aussie nudged up 0.4% to $0.6020 having been as low as $0.5980 on Friday, which now acts as support. Resistance stands at $0.6075 and the recent top of $0.6215. The kiwi dollar held at $0.5876 and off a low of $0.5844, with resistance lined up at $0.5925 and $0.6067.
Yields on three-year paper stood at 0.26% on Monday, while 10-year yields held at 0.77% having briefly spiked as high as 1.54% during the global market turmoil of mid-March.

Copyright Reuters, 2020

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