

Australian and New Zealand dollars hold ground as risk sentiment stabilises

The Australian and New Zealand dollars saw a lift, as a rebound in global stock markets and the anticipation of a European Central Bank (ECB) rate cut helped stabilise risk sentiment. The market widely expects the ECB to ease by 25 basis points, and the key question now is whether further cuts will be signalled for October or December. Looking at the charts, we see the AUD/JPY pair having a strong recovery after dipping, climbing back on renewed market optimism. The Australian dollar’s movement reflects a broader recovery in risk sentiment, and the pair’s rebound from its low aligns with the Australian dollar stabilising after touching the 200-day moving average against the U.S. dollar. Read more for a detailed analysis of the Australian and New Zealand dollars.

more about the Australian and New Zealand dollars

Disclaimer:

Both currencies are finding solid support as markets anticipate easing inflation and central bank responses. While the RBA and RBNZ remain cautious, traders are positioning for potential further gains in the Australian and New Zealand dollars, provided global sentiment holds steady and inflation continues to ease. Traders are advised to prioritize proper risk management to make well-informed trading decisions.

Publication date:

2024-09-16 17:52:53 (GMT)

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.