Australia, NZ dlrs find support after sell-off, bonds bounce
SYDNEY, Oct 24 (Reuters) -The Australian and New Zealand dollars edged up on Thursday after taking heavy losses the previous day as the U.S. currency pulled ahead on growing expectations of a possible second Donald Trump presidency, while the sell-off in bonds also steadied.
Also, a spate of strong U.S. data and less dovish comments from some Federal Reserve officials have lessened the chance of further near-term aggressive easing after September's outsized 50-basis-point rate cut.
The Aussie AUD=D3 rose 0.2% to $0.6646, having fallen 0.7% overnight to as low as $0.6613.It managed to find some support at the 200-day moving average of $0.6628.
The kiwi dollar NZD=D3 also rebounded 0.2% to $0.6014, after declining 0.6% overnight to a fresh two-month low of $0.5993. Next level of solid support doesn't come into play until $0.5850, the low from August.
"With a victory for President Trump now priced into currency markets, AUD/USD has modest rather than large downside risk from when the election results start to be released," said Joseph Capurso, head of international economics at the Commonwealth Bank of Australia.
"In contrast, an unexpected win by Vice President Harris could lead to a large jump in AUD/USD of 3%‑4%."
While a number of opinion polls on the Nov. 5 U.S. election continue to point to a closely fought race to the White House, cryptocurrency-prediction exchange Polymarket has seen a sharp increase in bets for a Trump win.
Local bonds tracked the sell-off in Treasuries earlier in the session but found their footing later. Three-year Australian government bonds YTTc1 hit a three-month low of 96.02, but were last up 2 ticks at 96.08.
Also on Thursday, the Reserve Bank of New Zealand Governor Adrian Orr said that low and stable inflation is now back in sight in New Zealand, with the central bank keeping an eye on firms' pricing intentions.
That supported the case for another outsized rate cut from the central bank in November, with swaps pricing in about 28% chance of a 75 basis point move. A half-point move is fully priced in. 0#RBNZWATCH
Reporting by Stella Qiu
Editing by Shri Navaratnam
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
