In today's Oceania foreign-exchange market, currencies remained steady against the US dollar and yen amid subdued trading. The Australian dollar rose from around 0.6980 to around 0.7000 against the US dollar, the New Zealand dollar from 0.5607 to 0.5630, the Australian dollar rose from around ¥110.50 to ¥110.86 against the yen, and the New Zealand dollar rose from ¥88.75 to the ¥89.10 area.
Against the US dollar, the pause in the dollar's appreciation through the previous day continued, and the Australian dollar rose from around 0.6980 in the morning to around 0.7000. The New Zealand dollar also rose from 0.5607 to 0.5630. Against the yen, the Australian dollar remained firm, rising from around ¥110.50 to ¥110.86, while the New Zealand dollar rose from ¥88.75 to the ¥89.10 area.
Australia's main indicators for the week included the September NAB business conditions index at -1.0 and the September Westpac Leading Index at -0.06%. Employment data for September are scheduled to be released, but no final figure is given in the article. No particular points concerning New Zealand were cited.
The moves were reported during local market trading hours and did not occur during a period of particularly sharp fluctuations amid broad-based dollar and yen strength. The currency pairs remained stable within relatively narrow ranges.
The article refers to upcoming employment data and other indicators in Australia and New Zealand, but says that any definitive impact will depend on future releases. Attention will therefore focus on upcoming economic data and the currency market's response.