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The New Zealand dollar fell to record highs as Chinese-US tensions rose

2018-10-05 09:16 am | Resource: News | No Views : 275

The New Zealand dollar slipped against its major counterparts in Asian trading on Friday, as Asian stocks tumbled, driven by heavy selling of technology stocks, after Bloomberg reported that China had introduced electronic chips for servers used by Apple and Amazon. However, both companies denied allegations of supply chain attack.

Investors are now looking at the monthly payroll report, which is closely monitoring the US Department of Labor for September. Monthly job data are likely to overshadow a separate US trade deficit report as well as Fed officials' comments.

Risk aversion after renewed tensions between China and the United States in the field of non-scrapping trade

China has refused to accuse US Vice President Mike Pines of interfering in the US election, calling the charge "absurd", AFP reported.

Earlier, Bens accused China of spending billions on propaganda in the United States and trying to intervene in the upcoming US midterm elections. US Vice President Mike Bens on Thursday urged Google's technology giant Google to stop developing an application that is a local search engine for the Chinese market that would easily monitor someone's browsing history. Speaking at the Hudson Institute on Trump's management policies toward China, the vice president argued that the dragonfly search engine would "jeopardize the privacy of Chinese customers."

The New Zealand Dollar traded
  • The kiwi dropped to a two-and-a-half year low of 0.6463 against the dollar as it reversed from an early high of 0.6486
  • The New Zealand dollar fell to a two-week low of 73.59 against the yen as it reversed from an early high of 73.94
  • The kiwi dropped to more than three weeks at 1.7801 against the euro, having advanced to 1.7758 in the choppy trading
  • Kiwi trimmed gains to 1.0932 against the Australian dollar, from a high of 1.0906


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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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