www.reuters.com
Open in
urlscan Pro
13.224.96.64
Public Scan
URL:
https://www.reuters.com/article/australia-forex/firmer-commodity-prices-help-australia-nz-dlrs-make-tiny-gains-idUSL1N2P...
Submission: On August 25 via api from SG
Submission: On August 25 via api from SG
Form analysis
0 forms found in the DOMText Content
Discover Thomson Reuters Directory of sitesLoginContactSupport World Business Markets Breakingviews Video More for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up Asian Currency News August 24, 20217:44 AMUpdated a day ago FIRMER COMMODITY PRICES HELP AUSTRALIA, NZ DLRS MAKE TINY GAINS By Paulina Duran 3 Min Read SYDNEY, Aug 24 (Reuters) - The Australian and New Zealand dollars rose slightly against the greenback on Tuesday, helped by improving commodity prices, and some weakness in the U.S. currency ahead of a central bankers convention hosted by the Federal Reserve. The Aussie dollar was only 0.08% higher at $0.7216 at 4:33 GTM, putting it 1.5% away from the nine-month low of $0.7106 it reached on Friday. The next resistance level lies around $0.7269. The kiwi dollar too was slightly higher at $0.6895. To now stand around 1.3% stronger than Friday’s nine-month low of $0.6807. A 3% jump in iron ore prices helped both currencies to steady. “The recovery in currencies is fuelled by short covering especially the oversold commodity currencies,” Philip Wee DBS foreign exchange strategist said. “This is likely to be limited ... (and) a consolidation rather than the start of a trend reversal.” Both currencies have been laid low by weak commodity prices and the spread of the Delta variant at home, with Sydney extending a strict lockdown until the end of September and New Zealand lengthening its national lockdown. As a result of the lockdown, the Reserve Bank of New Zealand (RBNZ) decided against raising interest rates this week. “The recovery in equities and risk appetite, together with what the market appears to be viewing as ‘light’ at the end of the ‘lockdown tunnel’ has helped the Kiwi claw its way back,” said ANZ analysts. “On balance the market seems to be slanting toward the view that NZ will beat Delta, and if that is the case, that should put official cash rate hikes ... back on the table later in the year.” A speech by U.S. Fed Chair Jerome Powell at the Jackson Hole conference this week will be closely watched by investors betting on when the Fed starts to wind down its bond-buying program, traders said. New Zealand bonds fell, with yields rising three basis points across the curve, while yields on 10-year Australian debt were 3.6 basis points higher at 1.137%, putting it 12 basis points below U.S. yields. Yields in Australian 3-year bonds rose two basis points to 0.219%. Editing by Simon Cameron-Moore Our Standards: The Thomson Reuters Trust Principles. Trending Stories * Stocks hold gains on easing Fed taper worries as Powell speech awaited * Biden expected to decide within 24 hours on Afghan evacuation deadline * IMF's $650 billion reserves distribution is 'shot in arm' for global economy- Georgieva * Hong Kong shares rise as tech and healthcare stocks gain * Wall St extends rally, pushing S&P 500 to 50th all-time high close this year * Apps * Newsletters * Advertise with Us * Advertising Guidelines * Cookies * Terms of Use * Privacy * Do Not Sell My Personal Information All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2021 Reuters. All Rights Reserved. for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up EUROPEAN UNION INDIVIDUALS Right to Withdraw Consent under GDPR If you are an individual located in the E.U. you have the right, at any time, to withdraw your consent if you previously provided a controller with your consent to process your personal data. If you previously provided your consent to allow cookies on your browser, you can choose not to allow some types of cookies. You may withdraw your consent to our use of non-strictly necessary cookies through Reuters.com by clicking on the “Show Purpose” button below. However, if you disable the use of cookies in your browser, it may impact your experience of the site. Please also note that withdrawing your consent may not mean you will stop seeing advertisements, and that you cannot opt-out of strictly necessary cookies that are required. For more information about your rights as an individual located in the European Union, please see our Privacy Statement. Information Our Partners Collect We want to be transparent about the data our partners collect and how we use it, so you can best exercise control over your personal information. We use the following partners on Reuters.com. In accordance with our Privacy Statement, they may use cookies and other mechanisms to, among other things, connect you with your social networks and tailor advertising to better match your interests. You can elect to opt-out of this information collection by clicking here We process your data to deliver content or advertisements and measure the delivery of such content or advertisements to extract insights about our website. We share this information with our partners on the basis of consent and legitimate interest. You may exercise your right to consent or object to a legitimate interest, based on a specific purpose below or at a partner level in the link under each purpose. These choices will be signaled to our vendors participating in the Transparency and Consent Framework. Allow All MANAGE CONSENT PREFERENCES STRICTLY NECESSARY COOKIES Always Active Strictly Necessary Cookies These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information. * ENSURE SECURITY, PREVENT FRAUD, AND DEBUG Required Cookies Your data can be used to monitor for and prevent fraudulent activity, and ensure systems and processes work properly and securely. * TECHNICALLY DELIVER ADS OR CONTENT Required Cookies Your device can receive and send information that allows you to see and interact with ads and content. * RECEIVE AND USE AUTOMATICALLY-SENT DEVICE CHARACTERISTICS FOR IDENTIFICATION Required Cookies Your device might be distinguished from other devices based on information it automatically sends, such as IP address or browser type. * LINK DIFFERENT DEVICES Required Cookies Different devices can be determined as belonging to you or your household in support of one or more of purposes. * MATCH AND COMBINE OFFLINE DATA SOURCES Required Cookies Data from offline data sources can be combined with your online activity in support of one or more purposes List of IAB Vendors | View Full Legal Text Opens in a new window SALE OF PERSONAL DATA Sale of Personal Data * TARGETING COOKIES Required Cookies These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising. * FUNCTIONAL COOKIES Required Cookies These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly. * PERFORMANCE COOKIES Required Cookies These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. STORE AND/OR ACCESS INFORMATION ON A DEVICE Store and/or access information on a device Cookies, device identifiers, or other information can be stored or accessed on your device for the purposes presented to you. * ACTIVELY SCAN DEVICE CHARACTERISTICS FOR IDENTIFICATION Required Cookies Your device can be identified based on a scan of your device's unique combination of characteristics. * USE PRECISE GEOLOCATION DATA Required Cookies Your precise geolocation data can be used in support of one or more purposes. This means your location can be accurate to within several meters. List of IAB Vendors | View Full Legal Text Opens in a new window PERSONALISED ADS AND CONTENT, AD AND CONTENT MEASUREMENT, AUDIENCE INSIGHTS AND PRODUCT DEVELOPMENT Personalised ads and content, ad and content measurement, audience insights and product development * DEVELOP AND IMPROVE PRODUCTS Required Cookies Your data can be used to improve existing systems and software, and to develop new products Object to Legitimate Interests Remove Objection * CREATE A PERSONALISED ADS PROFILE Required Cookies A profile can be built about you and your interests to show you personalised ads that are relevant to you. Object to Legitimate Interests Remove Objection * SELECT PERSONALISED ADS Required Cookies Personalised ads can be shown to you based on a profile about you. Object to Legitimate Interests Remove Objection * CREATE A PERSONALISED CONTENT PROFILE Required Cookies A profile can be built about you and your interests to show you personalised content that is relevant to you. Object to Legitimate Interests Remove Objection * SELECT PERSONALISED CONTENT Required Cookies Personalised content can be shown to you based on a profile about you. Object to Legitimate Interests Remove Objection * MEASURE CONTENT PERFORMANCE Required Cookies The performance and effectiveness of content that you see or interact with can be measured. Object to Legitimate Interests Remove Objection * APPLY MARKET RESEARCH TO GENERATE AUDIENCE INSIGHTS Required Cookies Market research can be used to learn more about the audiences who visit sites/apps and view ads. Object to Legitimate Interests Remove Objection * SELECT BASIC ADS Required Cookies Ads can be shown to you based on the content you’re viewing, the app you’re using, your approximate location, or your device type. Object to Legitimate Interests Remove Objection * MEASURE AD PERFORMANCE Required Cookies The performance and effectiveness of ads that you see or interact with can be measured. Object to Legitimate Interests Remove Objection List of IAB Vendors | View Full Legal Text Opens in a new window Reject All Confirm My Choices Back Button Back PERFORMANCE COOKIES Vendor Search Search Icon Filter Icon Clear Filters Information storage and access Apply Consent Leg.Interest All Consent Allowed Select All Vendors Select All Vendors All Consent Allowed Reject All Confirm My Choices RIGHT TO WITHDRAW CONSENT UNDER GDPR We and our partners store and/or access information on a device, such as unique IDs in cookies to process personal data. You may accept or manage your choices by clicking below, including your right to object where legitimate interest is used, or at any time in the privacy policy page. These choices will be signaled to our partners and will not affect browsing data.Cookie Policy WE AND OUR PARTNERS PROCESS DATA TO PROVIDE: Actively scan device characteristics for identification. Use precise geolocation data. Store and/or access information on a device. Personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors) Accept All Show Purposes