{
  "id": 15714810,
  "title": "Australia, NZ dollars firm as French fallout pressures euro",
  "url": "https://urgent.news/2026/10/20/australia-nz-dollars-firm-as-french-fallout-pressures-euro",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-20T07:07:54.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40445102/australia-nz-dollars-firm-as-french-fallout-pressures-euro"
  },
  "original_language": "en",
  "account": "On Tuesday, the Australian and New Zealand dollars remained strong, buoyed by gains in European currencies following protests in France. The Aussie currency was steady at $0.6977, having increased 0.5% the previous day and moving away from its 15-week low of $0.68945. Near-term resistance levels for the Australian dollar are at $0.6993 and $0.7015.\n\nThe New Zealand dollar, or kiwi, was at $0.5665, having risen 0.1% overnight. Major support for the kiwi is at the recent 17-month low of $0.5566, with resistance at $0.5675 and $0.5750. Investors are eagerly anticipating Reserve Bank of Australia Deputy Governor Andrew Hauser's appearance on Wednesday, potentially discussing the likelihood of a fifth rate hike this year. On Monday, the head of financial markets at the Reserve Bank acknowledged a slight loosening in the labor market, but also emphasized the importance of third-quarter consumer price data due on October 28.\n\nAnalysts at Westpac predict that core inflation could rise by 1.0% in the third quarter, keeping the annual inflation rate at 3.6%, significantly higher than the RBA's target range of 2% to 3%. Westpac analysts also believe core inflation could increase by 0.9% in the same period, making annual inflation 3.5% compared to the RBA's forecast of 3.3%.\n\nOn the same day as the RBA's appearance, Governor Michele Bullock and her team will be answering questions before lawmakers. Markets suggest a one-in-three chance of a rate hike in the 4.60% cash rate in November, with the probability rising to 56% for December. Additionally, the Reserve Bank of New Zealand will announce on October 28 whether it is raising rates for the third time this year, with investors pricing in an 89% probability of a quarter-point increase to 3.0%. Markets also suggest that rates could reach 3.75% or more next year, a substantial increase from the RBNZ's own projection of 3.20%.",
  "summary": "SYDNEY: The Australian and New Zealand dollars held firm on Tuesday helped by gains on European currencies following riots in France, while investors awaited developments on domestic interest rates. The Aussie was flat at $0.6977, having risen 0.5% overnight and away from a recent 15-week trough of $0.68945. Near-term resistance comes in at $0.6993 and $0.7015. It also bounced on the euro,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}