{"id":1669108,"date":"2022-10-02T21:50:13","date_gmt":"2022-10-03T01:50:13","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1669108"},"modified":"2022-10-02T21:51:29","modified_gmt":"2022-10-03T01:51:29","slug":"antipodean-currencies-advance-ahead-of-rate-decisions-dollar-edges-lower","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/antipodean-currencies-advance-ahead-of-rate-decisions-dollar-edges-lower\/","title":{"rendered":"Antipodean currencies advance ahead of rate decisions, dollar edges lower"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fantipodean-currencies-advance-ahead-of-rate-decisions-dollar-edges-lower%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1669108&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Rae Wee<\/p>\n<p>SINGAPORE (Reuters) \u2013     The Australian and New Zealand dollars gained ground on Monday ahead of expected rate hikes from their respective central banks later in the week, while the dollar slipped against a basket of currencies.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The Aussie was up 0.19% to $0.64230, away from a 2-1\/2-year low of $0.63635 hit last week, while the kiwi was 0.44% higher at $0.56280, similarly pushing away from last week\u2019s trough of $0.55645.<\/p>\n<p>The Reserve Bank of Australia and the Reserve Bank of New Zealand meet on Tuesday and Wednesday, respectively, with markets expecting both to lift their cash rate by 50 basis points, though focus will also be on the tone of policymakers.<\/p>\n<p>\u201cThe RBA could be quite influential if they give a more nuanced approach and signal that they may come down to 25 basis points in the November meeting. That might be taken, globally, quite well,\u201d said Chris Weston, head of research at Pepperstone.<\/p>\n<p>Sterling  fell 0.19% to $1.1144, but remained off its record low of $1.0327. <\/p>\n<p>The pound rebounded strongly at the end of last week when the Bank of England said it would buy as much government debt as needed to restore order after new Prime Minister Liz Truss\u2019s tax cutting plans triggered financial chaos.<\/p>\n<p>But Truss reiterated on Sunday the government was sticking with the policy even as she said the decision was taken by finance minister Kwasi Kwarteng and that her cabinet of top ministers was not informed in advance. <\/p>\n<p>The euro was up 0.11% to $0.98105, supported by expectations for another jumbo European Central Bank rate hike later this month following a red-hot inflation print.<\/p>\n<p>Data on Friday showed that euro zone inflation zoomed past forecasts to hit a new record high of 10.0% in September, beating expectations for a reading of 9.7%.<\/p>\n<p>\u201cThe ECB is still going to have to go hard \u2026 for me, Europe and the UK, it\u2019s less about relative interest rate dynamics, and more about growth dynamics,\u201d said Weston.<\/p>\n<p>\u201cI think what we\u2019re starting to try and do now is look at markets where we can price inflation or start feeling a bit more confident about the trajectory around inflation, I think the U.S. falls into that category.\u201d<\/p>\n<p>U.S. non-farm payrolls are due at the end of the week, while a flood of manufacturing PMI data out later on Monday will also give insight into the global economic outlook.<\/p>\n<p>The U.S. dollar index fell 0.12% to 122.10, while the yen firmed at 144.79. Dollar\/yen has held steady below the 145 level following an intervention by Japan to shore up the fragile currency.<\/p>\n<p> (Reporting by Rae Wee; Editing by Ana Nicolaci da Costa)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/antipodean-currencies-advance-ahead\/attachment\/file-photo-a-worker-pushing-a-trolley-walks-with-pedestrians\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9201M-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9201M-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/antipodean-currencies-advance-ahead\/attachment\/file-photo-file-photograph-shows-an-employee-walking-over-a\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9201N-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9201N-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Rae Wee SINGAPORE (Reuters) \u2013 The Australian and New Zealand dollars gained ground on Monday ahead of expected rate hikes from their respective central banks later in the week,<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1669108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1669108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1669108"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1669108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1669108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1669108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1669108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}