AIRLINK 172.80 Decreased By ▼ -2.93 (-1.67%)
BOP 13.21 Increased By ▲ 0.09 (0.69%)
CNERGY 7.43 Decreased By ▼ -0.11 (-1.46%)
FCCL 43.47 Decreased By ▼ -0.44 (-1%)
FFL 14.91 Decreased By ▼ -0.10 (-0.67%)
FLYNG 26.50 Decreased By ▼ -0.40 (-1.49%)
HUBC 129.31 Decreased By ▼ -0.92 (-0.71%)
HUMNL 13.30 Decreased By ▼ -0.04 (-0.3%)
KEL 4.45 Decreased By ▼ -0.05 (-1.11%)
KOSM 6.00 Decreased By ▼ -0.06 (-0.99%)
MLCF 55.42 Decreased By ▼ -0.61 (-1.09%)
OGDC 213.30 Decreased By ▼ -1.47 (-0.68%)
PACE 5.89 Decreased By ▼ -0.09 (-1.51%)
PAEL 41.15 Increased By ▲ 0.25 (0.61%)
PIAHCLA 16.62 Increased By ▲ 0.30 (1.84%)
PIBTL 9.58 Decreased By ▼ -0.17 (-1.74%)
POWER 11.56 Decreased By ▼ -0.20 (-1.7%)
PPL 179.23 Decreased By ▼ -2.25 (-1.24%)
PRL 33.80 Decreased By ▼ -0.42 (-1.23%)
PTC 22.85 Decreased By ▼ -0.21 (-0.91%)
SEARL 94.01 Decreased By ▼ -1.71 (-1.79%)
SILK 1.17 Increased By ▲ 0.03 (2.63%)
SSGC 35.10 Decreased By ▼ -0.35 (-0.99%)
SYM 15.79 Increased By ▲ 0.04 (0.25%)
TELE 7.83 Decreased By ▼ -0.04 (-0.51%)
TPLP 10.83 Decreased By ▼ -0.15 (-1.37%)
TRG 60.80 Increased By ▲ 0.30 (0.5%)
WAVESAPP 10.68 Decreased By ▼ -0.13 (-1.2%)
WTL 1.33 Decreased By ▼ -0.02 (-1.48%)
YOUW 3.80 Increased By ▲ 0.03 (0.8%)
BR100 12,052 Decreased By -1.3 (-0.01%)
BR30 36,449 Decreased By -17.8 (-0.05%)
KSE100 113,936 Decreased By -420.4 (-0.37%)
KSE30 35,133 Decreased By -214.2 (-0.61%)

Australian and New Zealand government bonds took a pasting on Monday even as their currencies found a steadier footing, with debt markets racked by withdrawal symptoms even though the Federal Reserve hasn't begun to slow its stimulus yet. The Aussie rose 0.7 percent to 90.72 yen, while the kiwi added 0.5 percent to 76.24 yen. The move appeared to confirm a base has formed for now, following a hefty selloff starting in May that saw the Aussie and kiwi fall as far as 88.90 and 74.41 respectively.
Against the dollar, the Aussie was little changed at $0.9218, holding above a 33-month trough of $0.9163 set last week. The kiwi bought $0.7746, also off a one-year low of $0.7700. The kiwi has fallen roughly 11 percent from $0.8676 in April and many in the market anticipate more losses as the Fed begins to take its foot off the quantitative easing pedal, which has prompted selling in commodity-linked and emerging currencies.

Copyright Reuters, 2013

Comments

Comments are closed.