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19.01.202405:14:00UTC+00Australian Dollar Rises Amid Risk Appetite

The Australian dollar strengthened against other major currencies in the Asian session on Friday amid risk appetite, as markets were boosted by the rally in technology stocks that mirrored their peers on Nasdaq. Mining and energy stocks were also up amid a rebound in commodity prices.

Crude oil prices climbed higher, lifted by data showing a drop in U.S. crude inventories last week, and on higher forecasts for global demand. West Texas Intermediate Crude oil futures for February rallied $1.52 at $74.08 a barrel.

On Thursday, the Australian dollar started rebounding from early losses against its major rivals. Meanwhile, the aussie slipped as the Australian economy jobs lost in December.

In the Asian trading now, the Australian dollar rose to an 8-day high of 97.69 against the yen and a 2-day high of 1.6513 against the euro, from yesterday's closing quotes of 97.33 and 1.6541, respectively. If the aussie extends its uptrend, it is likely to find resistance around 99.00 against the yen and 1.62 against the euro.

Against the U.S. and the Canadian dollars, the aussie advanced to 2-day highs of 0.6590 and 0.8884 from Thursday's closing quotes of 0.6570 and 0.8860, respectively. The aussie may test resistance around 0.67 against the greenback and 0.90 against the loonie.

The aussie climbed to nearly a 2-week high of 1.0788 against the NZ dollar, from yesterday's closing value of 1.0741. On the upside, 1.08 is seen as the next resistance level for the aussie.

Looking ahead, U.K. retail sales for December, Germany and Switzerland producer prices data for December, are slated for release in the pre-European session.

At 4:30 am ET, ECB board member Elizabeth McCaul will participate at 12th Institute for Law and Finance (ILF) Conference on the Future of the Financial Sector "Navigating higher rates, volatility and liquidity crises: Finance and Regulation in the New Monetary Order" in Frankfurt, Germany.

At 5:00 am ET, European Central Bank President Christine Lagarde participates in stakeholder dialogue "the Global Economic Outlook" during World Economic Forum in Davo, Switzerland.

In the New York session, Canada retail sales data for November, U.S. University of Michigan consumer sentiment for January, U.S. existing home sales data for December and U.S. Baker Huges oil rig count data are set to be published.

At 1:00 pm ET, Federal Reserve Vice Chair for Supervision Michael Barr participates in discussion on "Bank Regulation" before the Responsible AI Symposium: Advancing a Blueprint for Tech Equity" hosted by the National Fair Housing Alliance, in Washington D.C., U.S.

At 4:15 pm ET, Federal Reserve Bank of San Francisco President Mary Daly will participate in fireside chat before hybrid event, "A Future Outlook: Innovation & Economic Growth in San Diego", California, U.S.

See Also

Forex News
  • 2024-04-23 09:17:00
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    *Australian Dollar Rises To 8-day High Of 0.6465 Against U.S. Dollar
    2024-04-23 09:16:00
    *Australian Dollar Advances To 8-day High Of 100.03 Against Yen
    2024-04-23 09:16:00
    *Australian Dollar Climbs To 1-week High Of 1.6489 Against Euro
    2024-04-23 09:06:00
    *India Apr Flash HSBC Manufacturing PMI Stable At 59.1
    2024-04-23 09:05:00
    *Singapore Mar CPI Falls 0.1% On Month
    2024-04-23 09:04:00
    *Singapore Mar Core Inflation 3.1% Vs. 3.6% In February
    2024-04-23 09:03:00
    *Singapore Mar Inflation 2.7% Vs. 3.4% In Feb, Consensus 3.1%
    2024-04-23 09:01:00
    *India Apr Flash HSBC Composite PMI 62.2 Vs. 61.8 In March
    2024-04-23 09:01:00
    *India Apr Flash HSBC Services PMI 61.7 Vs. 61.2 In March
  • 2024-04-23 13:17:00
    *Euro Rises To Near 2-week High Of 1.0696 Against U.S. Dollar
    2024-04-23 13:11:00
    Pound Rises Against Majors
    2024-04-23 13:05:00
    *Pound Ticks Up To 0.8622 Against Euro
    2024-04-23 13:04:00
    *Pound Advances To 1.1286 Against Swiss Franc
    2024-04-23 13:04:00
    *Pound Edges Up To 1.2389 Against U.S. Dollar
    2024-04-23 13:03:00
    Hong Kong Inflation Eases Slightly To 2.0%
    2024-04-23 13:03:00
    *Pound Rises To 4-day High Of 191.82 Against Yen
    2024-04-23 12:51:00
    German Private Sector Returns To Growth
    2024-04-23 12:38:00
    *UK Apr Manufacturing PMI 48.7 Vs. 50.3 In Mar, Consensus 53.0
    2024-04-23 12:37:00
    *UK Apr S&P Global Flash Services PMI 54.9 Vs. 53.1 In Mar, Consensus 53.0
  • 2024-04-23 12:37:00
    *Hong Kong Mar CPI Inflation 2.0% Vs. 2.1% In February
    2024-04-23 12:35:00
    *UK Apr S&P Global Flash Composite PMI 54.0 Vs. 52.8 In March
    2024-04-23 12:33:00
    Taiwan Industrial Output Rebounds, Retail Sales Growth Eases Sharply
    2024-04-23 12:09:00
    *Poland Mar Retail Sales Up 6.1% On Year, Consensus 6.7%
    2024-04-23 12:05:00
    *Taiwan Mar Retail Sales Up 0.71% Y/Y Vs. 9.33% In February
    2024-04-23 12:05:00
    *Eurozone Apr Flash Manufacturing PMI 45.6 Vs. 46.1 In Mar, Consensus 46.5
    2024-04-23 12:04:00
    *Eurozone Apr Flash Services PMI 52.9 Vs. 51.5 In Mar, Consensus 51.8
    2024-04-23 12:03:00
    *Taiwan Mar Industrial Production Up 3.99% Y/Y Vs. -1.31% In February
    2024-04-23 12:03:00
    *Amended: Eurozone Apr Flash Composite Output Index 51.4 Vs. 50.3 In Mar, Consensus 50.8
    2024-04-23 12:02:00
    *Eurozone Apr Final Composite Output Index 51.4 Vs. 50.3 In Mar, Consensus 50.8
  • 2024-04-23 11:39:00
    *France Apr Flash Factory PMI 44.9 Vs. 46.2 In Mar, Consensus 46.9
    2024-04-23 11:37:00
    *France Apr Flash Services PMI 50.5 Vs. 48.3 In Mar, Consensus 48.9
    2024-04-23 11:36:00
    *France Apr Flash Composite PMI 49.9 Vs. 48.3 In March
    2024-04-23 11:35:00
    *Germany Apr Flash Manufacturing PMI 42.2 Vs. 41.9 In Mar, Consensus 42.8
    2024-04-23 11:34:00
    *Germany Apr Flash Services PMI 53.3 Vs. 50.1 In Mar, Consensus 50.6
    2024-04-23 11:34:00
    Antipodean Currencies Rise Amid Risk Appetite, PMI Data
    2024-04-23 11:33:00
    Singapore Inflation Eases To 2.7%, Lowest In 30 Months
    2024-04-23 11:33:00
    *Germany Apr Flash Composite Output Index 50.5 Vs. 47.7 In Mar, Consensus 48.6
    2024-04-23 11:07:00
    *South Africa Feb Composite Leading Indicator 112.8 Vs. 110.9 In January
    2024-04-23 10:50:00
    UK Budget Deficit Exceeds Estimate
  • 2024-04-23 10:37:00
    India Private Sector Growth Strongest Since June 2010
    2024-04-23 10:26:00
    Japan Private Sector Growth Accelerates In April
    2024-04-23 10:05:00
    *UK Mar Public Sector Net Borrowing GBP 11.02 Bln, Consensus GBP 8.9 Bln
    2024-04-23 09:50:00
    NZ Dollar Advances Against Most Majors
    2024-04-23 09:47:00
    European Economic News Preview: Eurozone Flash PMI Data Due
    2024-04-23 09:31:00
    Australian Dollar Rises Against Majors
    2024-04-23 09:22:00
    *NZ Dollar Edges Up To 0.5928 Against U.S. Dollar
    2024-04-23 09:21:00
    *NZ Dollar Advances To Near 2-week High Of 91.75 Against Yen
    2024-04-23 09:20:00
    *NZ Dollar Rises To 5-day High Of 1.7982 Against Euro
    2024-04-23 09:17:00
    *Australian Dollar Rises To 6-day High Of 1.0919 Against NZ Dollar
  • 2024-04-23 09:17:00
    *Australian Dollar Edges Up To 0.8853 Against Canadian Dollar
    2024-04-23 09:16:00
    *Australian Dollar Rises To 8-day High Of 0.6465 Against U.S. Dollar
    2024-04-23 09:16:00
    *Australian Dollar Advances To 8-day High Of 100.03 Against Yen
    2024-04-23 09:16:00
    *Australian Dollar Climbs To 1-week High Of 1.6489 Against Euro
    2024-04-23 09:06:00
    *India Apr Flash HSBC Manufacturing PMI Stable At 59.1
    2024-04-23 09:05:00
    *Singapore Mar CPI Falls 0.1% On Month
    2024-04-23 09:04:00
    *Singapore Mar Core Inflation 3.1% Vs. 3.6% In February
    2024-04-23 09:03:00
    *Singapore Mar Inflation 2.7% Vs. 3.4% In Feb, Consensus 3.1%
    2024-04-23 09:01:00
    *India Apr Flash HSBC Composite PMI 62.2 Vs. 61.8 In March
    2024-04-23 09:01:00
    *India Apr Flash HSBC Services PMI 61.7 Vs. 61.2 In March
  • 2024-04-23 13:17:00
    *Euro Rises To Near 2-week High Of 1.0696 Against U.S. Dollar
    2024-04-23 13:11:00
    Pound Rises Against Majors
    2024-04-23 13:05:00
    *Pound Ticks Up To 0.8622 Against Euro
    2024-04-23 13:04:00
    *Pound Advances To 1.1286 Against Swiss Franc
    2024-04-23 13:04:00
    *Pound Edges Up To 1.2389 Against U.S. Dollar
    2024-04-23 13:03:00
    Hong Kong Inflation Eases Slightly To 2.0%
    2024-04-23 13:03:00
    *Pound Rises To 4-day High Of 191.82 Against Yen
    2024-04-23 12:51:00
    German Private Sector Returns To Growth
    2024-04-23 12:38:00
    *UK Apr Manufacturing PMI 48.7 Vs. 50.3 In Mar, Consensus 53.0
    2024-04-23 12:37:00
    *UK Apr S&P Global Flash Services PMI 54.9 Vs. 53.1 In Mar, Consensus 53.0


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