The New Zealand and Australian dollars traded a touch firmer in holiday dampened markets on Monday as investors moved on from last week's offshore induced activity and looked towards looming local data releases. The Antipodeans had been buffeted first by the US jobs numbers, which saw them appreciate, and then been weighed down by soft Chinese trade data released at the weekend.
The Aussie was at $0.9353, in sight of Friday's three-week high of $0.9358. The kiwi was trading around $0.8514, having briefly touched a one-week high of $0.8555 after the US jobs data. Activity was thin with Australian markets closed for a public holiday. On the cross rates the Antipodeans were faring well, with the Aussie pushing to a three-week high versus the yen at 95.87 yen, and the kiwi just shy of Friday's three-week peak at 87.30 yen.
Both currencies were up around 0.2 percent against the euro consolidating much of the gains made after the ECB rate cut last week. The kiwi's general outperformance saw it gain on the Aussie, which nudged lower to NZ$1.0977 from last week's six-month high of NZ$1.1034. New Zealand government bonds had a hint of an offered tone, fractionally raising yields. Australian government bond futures were also little changed, with the three-year bond contract a tick lower at 97.160, and the 10-year contract also a tick lower at 96.220.
Comments
Comments are closed.