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Australia, NZ dollars join bond rout as markets price for multiple hikes

The Aussie was stuck at $0.7094, having shed 0.5% overnight to test the recent two-month trough of $0.7090

World stock markets, global stocks
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The Australian and New Zealand dollars fell on Thursday as markets rushed to price in ever more U.S. rate hikes, battering bonds and sending short-term yields to their highest in almost three years.
 
The Aussie was stuck at $0.7094, having shed 0.5% overnight to test the recent two-month trough of $0.7090.
 
Strong resistance stands around $0.7180, while support lies at $0.7083 and the December low of $0.6994.
 
The kiwi dollar was down at $0.6635, having also lost 0.5% overnight to its lowest since late 2020. This would be its sixth session of losses and the next major bear target is

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First Published: Jan 27 2022 | 8:13 AM IST

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