{"id":297332,"date":"2025-11-20T15:52:18","date_gmt":"2025-11-20T15:52:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/297332\/"},"modified":"2025-11-20T15:52:18","modified_gmt":"2025-11-20T15:52:18","slug":"australia-nz-dollars-nurse-heavy-losses-as-us-rate-cut-bets-crumble-tradingview-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/297332\/","title":{"rendered":"Australia, NZ dollars nurse heavy losses as US rate cut bets crumble \u2014 TradingView News"},"content":{"rendered":"

By Stella Qiu<\/p>\n

The Australian and New Zealand dollars nursed heavy losses on Thursday as a sharp pullback in Federal Reserve interest rate cut bets turbocharged the greenback, with their near-term fate now depending on the U.S. jobs data due later in the day. <\/p>\n

The Aussie \"\"\/\"\"\/AUDUSD<\/a> was flat at $0.6482, having dropped 0.5% overnight to as low as $0.6451, the weakest level in a month. Support lies at around $0.6440 while resistance sits around 65 cents. <\/p>\n

New Zealand’s kiwi \"\"\/\"\"\/NZDUSD<\/a> suffered a steeper slide to seven-month lows overnight, as widening interest rate differentials with the U.S. worked against the Antipodean currency. It was last up 0.1% at $0.5609, after slumping almost 1% overnight to as far as $0.5591. <\/p>\n

Minutes from the Federal Reserve’s latest policy meeting showed on Wednesday that many policymakers were opposed to a cut in December. Fed fund futures tumbled to imply just a 30% probability of a quarter-point reduction next month, down from 50% a day earlier. <\/p>\n

Much is now riding on the long-delayed release of the U.S. jobs data for September later in the day, which could still revive the chances for a Fed cut next month if it surprises on the downside. The median forecast is for a gain of 50,000 jobs, while the unemployment rate is seen holding steady at 4.3%. <\/p>\n

“We have a firmer view that payrolls could underperform consensus expectations, and push AUD\/USD back above 0.6500,” said Joseph Capurso, head of international economics at the Commonwealth Bank of Australia. <\/p>\n

In the broader market, stocks soared as earnings from chip titan Nvidia \"\"\/NVDA<\/a> eased concerns about stretched AI valuations, which should help sentiment around the risk-sensitive Aussie. <\/p>\n

For the kiwi, a still sluggish economy as well as the near certainty of a quarter-point rate cut by the Reserve Bank of New Zealand next week has seen it plumbing new lows, particularly against the Aussie, which fetched NZ$1.1556 \"\"\/\"\"\/AUDNZD<\/a> on Thursday, not far off the weakest level for the kiwi since 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"By Stella Qiu The Australian and New Zealand dollars nursed heavy losses on Thursday as a sharp pullback…\n","protected":false},"author":2,"featured_media":222884,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":{"0":"post-297332","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/297332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=297332"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/297332\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/222884"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=297332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=297332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=297332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}