【brewers yeast for lactation recipes】FOREX-Aussie, kiwi steady as dovish Fed keeps lid on dollar
* Graphic: World FX rates in 2019
http://tmsnrt.rs/2egbfVh
* Aussie,brewers yeast for lactation recipes kiwi hold steady versus dollar
* Yen also steadies versus greenback
By Vatsal Srivastava
SINGAPORE, Feb 1 (Reuters) - The Australian and New Zealand dollars held steady versus the greenback on Friday, as the Federal Reserve's more dovish stance and improved prospects for a U.S.-Sino trade deal boosted investor risk appetite.
On Wednesday, the U.S. central bank held interest rates steady as expected but discarded pledges of "further gradual increases" in interest rates, and said it would be "patient" before making any further moves.
Broader risk sentiment was also bolstered after U.S. President Donald Trump said on Thursday he would meet with Chinese President Xi Jinping soon to try and seal a comprehensive trade deal as the top U.S. negotiator reported "substantial progress" in two days of high-level talks.
"I expect the Aussie and kiwi dollar to gain versus the dollar in coming weeks on the back of a more dovish Fed," said Sim Moh Siong, currency strategist at Bank of Singapore.
The yen was steady at 108.8 after hitting a two-week high in the previous session.
"Dollar/yen is expected to remain weak given a dovish Federal Reserve but we can expect a bigger move down if there is a return of risk-off sentiment," added Sim.
"There is still a lot to worry about outside the U.S. with growth in Europe and China slowing."
The Australian dollar was steady at $0.7266. The Aussie hit $0.7295, its highest since Dec. 5 on Thursday. The kiwi was at $0.6969, marginally higher versus the greenback.
The Canadian dollar was also steady at C$1.3128 in early Asian trade. The dollar has eased by 1.1 percent against the loonie over the last two sessions.
The dollar index, a gauge of its strength versus six major peers was relatively unchanged at 95.55. The index is set to end the week in the red, after losing 0.6 percent of its value last week.
Trade talks between the United States and China could also have an impact on the dollar, which has acted as a safe-haven in times of uncertainty.
President Trump said he wanted a "very big" trade deal with China, but he signalled there could be delays if talks fail to meet his goals of opening the Chinese economy broadly to U.S. industry and agriculture.
Analysts say a comprehensive trade deal between the world's two largest economies would most likely boost risk sentiment and lead to a weaker dollar.
Markets would be focusing on U.S. jobs data due later on Friday. Analysts note that any weakness in the labour market and a fall in wage inflation would only reinforce the dovish outlook for the dollar this year.
Story continues
The euro was flat at $1.1446 after having fallen 0.3 percent in the last session. The single currency has not managed to gain despite broader dollar weakness as growth and inflation in the euro zone remain weaker than expected.
Indeed, Jens Weidmann, the Bundesbank president and a member of the European Central Bank Governing Council, painted a bleak picture of the German economy on Thursday, saying the slump in Europe's largest economy will last longer than initially thought.
Sterling, which is grappling with troubles of its own on uncertainty over a deal to avoid a chaotic British exit from the European Union, was flat at $1.3109. Analysts expect the British pound to remain volatile in the coming weeks. (Editing by Jacqueline Wong)
View comments
-
A Trio of Strong Performers to ConsiderWestlake Chemical to Gain on Acquisitions & Strong DemandAttorneys Have Ethical Duty to Self-Report Errors to ClientsPinnacle West Capital (PNW) Lags Q1 Earnings - Tale of the Tape3 Reasons Growth Investors Will Love Charles River (CRL)China to execute driver who killed passenger of ride-hailing firm DidiWhat Percentage Of ikeGPS Group Limited (NZSE:IKE) Shares Do Insiders Own?READ NOW: Monteverde & Associates PC Launches an Investigation of the Board of Directors and Officers of Community First Bank– CMYFCar rental firm Hertz gets more time from lenders to avoid bankruptcyWhy Should You Hold Equifax (EFX) Stock in Your Portfolio?
下一篇:Companies slammed by coronavirus look to cut contributions to their employees' 401(k)s
- ·Sun Summit Minerals Phase 2 Drilling Update and Completion of IP Survey at the Buck Property
- ·New Guru Philippe Laffont's Top 5 Holdings
- ·BRIEF-Skshu Paint's Unit To Buy 70 Pct Stake In Water Leakage Prevention Technology Firm
- ·How Much Are Uni-Select Inc. (TSE:UNS) Insiders Spending On Buying Shares?
- ·Shipping Marketplace uShip Lays Off 65 Employees
- ·Zooming in on TSE:WPM’s 1.9% Dividend Yield
- ·Why Tesla, MyoKardia, and Hologic Slumped Today
- ·Piper Jaffray Recommends 5 Retailers for 2019
- ·Data Gumbo Joins Blockchain In Transport Alliance
- ·FOREX-Australian dollar, yuan slump on bleak China data
- ·Dow Claws Back into the Green, But Apple Shares Plunge in After-Market Trading
- ·Watch Liam Gallagher Perform Oasis’ ‘Roll It Over’ for the First Time at Tour-Opening Gig
- ·Nokia draws $560 million R&D loan for 5G
- ·German government welcomes U.S.-China truce halting new tariffs for 90 days
- ·'Wreck-It Ralph': The 'Grand Theft Auto'-style game that was cut
- ·How Much Are Uni-Select Inc. (TSE:UNS) Insiders Spending On Buying Shares?
- ·Asian Stocks Plummet Amid Oil Price War
- ·BRIEF-Hytera Communications Expects To Win China Mobile's Bids For About 288 Mln Yuan
- ·China Stocks-Factors to watch on Wednesday
- ·China to execute driver who killed passenger of ride-hailing firm Didi
- ·iRhythm Technologies, Inc. Just Reported Full-Year Earnings: Have Analysts Changed Their Mind On The Stock?
- ·‘Hell’s Kitchen 22’ episode 9 recap: Who was eliminated in ‘More Bang For Your Buck’? [LIVE BLOG]
- ·Jimmy Kimmel Breaks Down Over Shooting in His Hometown Las Vegas: ‘It’s Like Someone Opened a Window to Hell’
- ·Heron Gains on Priority Review Designation for Pain Drug
- ·What Cineworld Group plc’s (LON:CINE) ROE Can Tell Us
- ·Former Judge Randy Wilson Returns to Susman Godfrey After 15 Years on Bench
- ·AppFolio (APPF) Q4 Earnings and Revenues Top Estimates
- ·Italy's Carige administrator says no merger in sight for bank - TV
- ·BRIEF-Yunnan Water Investment Co Updates On Award Of Project
- ·Can Hang Seng Recover From Its 6-Month Long Decline?
- ·John B. Sanfilippo & Son, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
- ·2018 Year-End Portfolio Review
- ·Roku Is Getting Into Premium Subscriptions
- ·ECB calls in administrators to save Italy's Carige
- ·People are getting this unexpected stimulus check. Should you keep it?
- ·BRIEF-Cre8 Direct Ningbo Says It Plans To Set Up Unit Cre8 Direct (Singapore) Pte Ltd