WELLINGTON, July 27 (Reuters) - The New Zealand dollar was up
near a six-month high while the Australian dollar was close to an
11
week peak on Tuesday, as a positive reception to bank stress-tests and upbeat data lifted risk appetite.
* The Aussie was at $0.9030 in early local trade, compared with $0.8980 late on Monday, and just below an eleven-week high of $0.9037. Support for the Aussie seen $0.8930 and $0.8860 with the next major target $0.9078 and $0.9118.
* The kiwi was at $0.7342, after trading as high as $0.7352 in late offshore trade, its best since January 20.
* Having broken key resistance at $0.7330, a climb towards the year's highs around $0.7440 is a possibility analysts at the Bank of New Zealand said.
* European markets reacted well to the results of the bank stress tests in the first session of trading since the results were published late on Friday, pushing the euro higher, while knocking safe havens like the U.S. dollar. See
* New U.S. homes sales rebounded in June from the previous month's record low, helping push Wall Street at least 1 percent higher.
* Commodities were mixed with crude flat at $78.88, copper 1.4 percent and the CRB index edging up 0.2 percent. Gold dipped to $1,182.
* No major data due on Tuesday. Australian second quarter CPI is due on Wednesday and the Reserve Bank of NZ's interest rate decision on Thursday.
* Market pricing indicates a NZ rate rise is a near certainty on Thursday, with the bank seen raising rates to keep a lid on inflation despite the patchy nature of the recovery.
* The Aussie/kiwi pair a touch weaker but still well within familiar ranges around NZ$1.23. Aussie and kiwi largely steady on crosses against the euro and the yen.
* NZ bonds a shade firmer across the curve, with yields falling as much as 2 basis points.
* Australian bond futures were lower, with three-year futures 0.03 points down at 95.18 and 10-year futures were down 0.025 points at 94.73.
((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MARKETS AUSTRALIA NEWZEALAND FOREX/BONDS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
11
week peak on Tuesday, as a positive reception to bank stress-tests and upbeat data lifted risk appetite.
* The Aussie was at $0.9030 in early local trade, compared with $0.8980 late on Monday, and just below an eleven-week high of $0.9037. Support for the Aussie seen $0.8930 and $0.8860 with the next major target $0.9078 and $0.9118.
* The kiwi was at $0.7342, after trading as high as $0.7352 in late offshore trade, its best since January 20.
* Having broken key resistance at $0.7330, a climb towards the year's highs around $0.7440 is a possibility analysts at the Bank of New Zealand said.
* European markets reacted well to the results of the bank stress tests in the first session of trading since the results were published late on Friday, pushing the euro higher, while knocking safe havens like the U.S. dollar. See
* New U.S. homes sales rebounded in June from the previous month's record low, helping push Wall Street at least 1 percent higher.
* Commodities were mixed with crude flat at $78.88, copper 1.4 percent and the CRB index edging up 0.2 percent. Gold dipped to $1,182.
* No major data due on Tuesday. Australian second quarter CPI is due on Wednesday and the Reserve Bank of NZ's interest rate decision on Thursday.
* Market pricing indicates a NZ rate rise is a near certainty on Thursday, with the bank seen raising rates to keep a lid on inflation despite the patchy nature of the recovery.
* The Aussie/kiwi pair a touch weaker but still well within familiar ranges around NZ$1.23. Aussie and kiwi largely steady on crosses against the euro and the yen.
* NZ bonds a shade firmer across the curve, with yields falling as much as 2 basis points.
* Australian bond futures were lower, with three-year futures 0.03 points down at 95.18 and 10-year futures were down 0.025 points at 94.73.
((Australia/New Zealand bureaux; +61 2 9373 1800/+64 4 471 4234)) Keywords: MARKETS AUSTRALIA NEWZEALAND FOREX/BONDS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.