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Australia, NZ dollars ease as coronavirus headlines dominate

Mount Equity Group Tokyo Japan > News > Markets > Australia, NZ dollars ease as coronavirus headlines dominate

SYDNEY, Dec 29 (Reuters) – The Australian and New Zealand dollars eased on Wednesday as the spread of coronavirus cases led to more restrictions globally and clouded the economic outlook, offsetting record highs on Wall Street.

The Aussie slipped back to $0.7221 , having touched a five-week peak at $0.7264 overnight before running out of steam. Support lies around $0.7196 and $0.7083, with resistance at $0.7275 and $0.7368.

The kiwi dollar dipped to $0.6794 , and was threatening immediate support around $0.6789. Major support is down at the recent 13-month low of $0.6702, while resistance lies at $0.6867.

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With the domestic economic calendar blank, Omicron headlines dominated the news and they were not exactly reassuring.

Coronavirus cases have surged across most of Australia as New South Wales, Victoria and Queensland all reported record numbers on Wednesday.

State governments…

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