International

Australia, dlrs NZ go back as the euphoria of the vaccine fades

Sydney, Nov 18 (Reuters) – The Australian and New Zealand dollars fell on Wednesday as market euphoria over vaccine news was tested by the reality of stronger economic constraints across the United States and Europe.

Data from Australia also showed that annual wage growth hit a record low of just 1.4% in the last quarter, underscoring the weak inflation forecast and the need for monetary policy to stay super loose for a long time to come. come.

The Aussie eased properly to $ 0.7281 after failing to clear resistance at the November high of $ 0.7340. Support stands at around $ 0.7266 and $ 0.7222.

Markets are traveling in the hope that effective vaccines will prevent a severe global economic downturn, but we are not far from forests yet, said Ray Attrill, head of FX strategy at NAB.

Still, China’s continued strong economic recovery and abundant commodity prices mean a steady break of the prevailing $ 0.7000 / $ 0.7400 spectrum is increasingly likely.

The kiwi dollar fell to $ 0.6882 and away from a 19-month high of $ 0.6919. Kiwi has been in tears recently as the market extended the chances of further policy easing in New Zealand and sent bond yields significantly higher.

The Reserve Bank of Australia (RBA) eased just a few weeks ago and has been busy buying bonds to limit any yields. Yields on 10-year paper fell to 0.90% on Wednesday, above a one-week low of 1.00%.

Three-year yields fell again to 0.123% and closer to the RBA target of 0.1%, marking a short rise to 0.154% earlier in the week.

Investor demand for Australian debt remains strong with a touch of $ 6 billion ($ 4.37 billion) of a 2041 bond completed on Tuesday attracting $ 18.6 billion in bids.

A large sum 67% of those bids were offshore, the highest recorded for each joint hit and by 30% in the previous sale. About 22% of bids came from the UK, with Asia formerly Japan taking 17% and Europe 9%.

Fund managers captured 45% of the issue and hedge funds 19%.

$ 1 = A $ 1.3732 Edited by Ana Nicolaci da Costa

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit