WELLINGTON, Nov 29 (Reuters) - The Australian dollar recouped
a little of recent sharp losses on Monday after an 85 billion
euro rescue package for Ireland was unveiled, providing a modest
boost to growth-sensitive currencies.
* The Australian dollar was quoted around $0.9688 in thin choppy trade, having shed as much as 1.7 percent on Friday to a near-two month low of $0.9613.
* Support for the Aussie seen from its Oct 5 low of $0.9580, with resistance beginning from $0.9725.
* New Zealand dollar at $0.7531, from about $0.75 late on Friday, after the kiwi had struck a one-month low of $0.7479. Support for the kiwi seen from $0.7462, with resistance at $0.7630.
* Aussie had fallen away on Friday as euro zone contagion fears hit markets before bouncing on the back of an 85 billion euro rescue package for Ireland announced early on Monday.
* The deal involves an immediate 10 billion euro recapitalisation of Ireland's debt-stricken banks, with Finance Ministers from the 16 nation euro zone keen to avoid contagion spreading to countries such as Portugal and Spain. For details see
* The Aussie had been in a downward trend on Friday after Reserve Bank of Australia Governor Glenn Stevens said policy was appropriate for now, with rate hikes only likely from the middle of 2011, later than many analysts has assumed.
* Aussie falls about half a cent on the euro to be about 0.7427 euro, while the kiwi is also weaker at about 0.5656 euro.
* Tensions in the Korean peninsula continued to simmer with China proposing emergency talks as U.S. and South Korean forces began a huge military excersise.
* New Zealand sees October trade data due later on Monday, with the annual surplus picked to widen slightly, with the closely-watched National Bank Business Outlook survey also due.
* Australia has speeches from Reserve Bank Governor Glenn Stevens and data on company profits and inventories which will help refine forecasts for Q3 GDP due on Wednesday.
* NZ debt prices gained, knocking yields as much as two basis points lower.
* Australian bond futures gained on Friday, with the three-year contract indicated up 0.04 points at 94.90, and the 10-year contract up 0.035 points to 94.525.
((Wellington newsroom tel 64 4471 4234, fax +64 4 4736 212,
wellington.newsroom@reuters.com)) 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.
* The Australian dollar was quoted around $0.9688 in thin choppy trade, having shed as much as 1.7 percent on Friday to a near-two month low of $0.9613.
* Support for the Aussie seen from its Oct 5 low of $0.9580, with resistance beginning from $0.9725.
* New Zealand dollar at $0.7531, from about $0.75 late on Friday, after the kiwi had struck a one-month low of $0.7479. Support for the kiwi seen from $0.7462, with resistance at $0.7630.
* Aussie had fallen away on Friday as euro zone contagion fears hit markets before bouncing on the back of an 85 billion euro rescue package for Ireland announced early on Monday.
* The deal involves an immediate 10 billion euro recapitalisation of Ireland's debt-stricken banks, with Finance Ministers from the 16 nation euro zone keen to avoid contagion spreading to countries such as Portugal and Spain. For details see
* The Aussie had been in a downward trend on Friday after Reserve Bank of Australia Governor Glenn Stevens said policy was appropriate for now, with rate hikes only likely from the middle of 2011, later than many analysts has assumed.
* Aussie falls about half a cent on the euro to be about 0.7427 euro, while the kiwi is also weaker at about 0.5656 euro.
* Tensions in the Korean peninsula continued to simmer with China proposing emergency talks as U.S. and South Korean forces began a huge military excersise.
* New Zealand sees October trade data due later on Monday, with the annual surplus picked to widen slightly, with the closely-watched National Bank Business Outlook survey also due.
* Australia has speeches from Reserve Bank Governor Glenn Stevens and data on company profits and inventories which will help refine forecasts for Q3 GDP due on Wednesday.
* NZ debt prices gained, knocking yields as much as two basis points lower.
* Australian bond futures gained on Friday, with the three-year contract indicated up 0.04 points at 94.90, and the 10-year contract up 0.035 points to 94.525.
((Wellington newsroom tel 64 4471 4234, fax +64 4 4736 212,
wellington.newsroom@reuters.com)) 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.