Australia, NZ dollars overshadowed by downbeat domestic data

19 Jan, 2022

SYDNEY: The Australian and New Zealand dollars were left adrift on Tuesday as downbeat domestic data put a question mark over expectations for strong economic recoveries this year.

The Aussie was stuck at $0.7215, having hardly moved overnight during a U.S. holiday. Last week’s failure to sustain a two-month top of $0.7314 has clouded the technical outlook, though it does have support at $0.7196 and $0.7130.

The kiwi dollar was flat at $0.6795, having found some support at $0.6788.

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