Aussie slips from 15-mth high, hit by profit-taking - News

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Aussie slips from 15-mth high, hit by profit-taking

By: AFX | 12 Nov 2009 | 04:35 PM ET

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--------------(Snapshot at 8:10 a.m./2110 GMT)----------------- FOREX (vs Late Sydney) DEBT FUTURES (Night Session) 0.9223 (0.9337) 90-DAY (DEC) 95.83 (95.84) 0.6214 (0.6228) 3-YR (DEC) 94.83 (94.83) 83.34 (83.82) 10-YR (DEC) 94.415(94.40) 1.2600 (1.2601) US10-YR 3.44 (3.45) --------------------------------------------------------------- AU$S/Term range *Support *Resistance *RSI-14 *MA-10 *MA-20 *0.9000/9400 *0.9195 *0.9370 *55.91 *0.9156 *0.9172 ----------------------------(Nov 13)--------------------------- * Australian dollar offshore range $0.9272-0.9343. * Aussie down over a cent from 15-month highs as investors took profits across the board in riskier assets including higher-yielding currencies, to the benefit of the U.S. dollar. * Aussie steady around $0.9223, off $0.9337 seen here late Thursday. It hit a 15-month high of $0.9370 on Thursday after a robust local employment report led investors to bet on an almost-certain chance of a 25-basis-point rate rise next month. * Local dollar also softer on the yen at 83.34, from Thursday's 83.82. * A firmer U.S. dollar slugged commodity prices. Oil prices fell nearly 3 percent and the CRB index lost 1.6 percent. * But Aussie managed to rise to its highest in over 20 months against the euro in offshore trade after the single currency was knocked back by profit-taking. Aussie rose as far as 0.6242 euros , from Thursday's 0.6228. * U.S. stocks fell on Thursday from 13-month highs, ending a six-day winning streak. * The wave of profit-taking came despite encouraging U.S. jobs data. The number of U.S. workers filing new claims for jobless benefits last week fell 502,000, the lowest level since January. * Euro zone data was similarly encouraging. Factory output rose for a fifth time in a row in September. * Australian three-year bond futures were indicated flat, steadying from Thursday's declines after the strong local jobs report. The three-year contract was unchanged at 94.83. * U.S. Treasury prices rose on Thursday after the government completed a record $16 billion 30-year bond auction, easing investor worries that appetite for U.S. government debt may be drying up. (Reporting by Koh Gui Qing) ((Guiqing.Koh@ThomsonReuters.com; Reuters Messaging; guiqing.koh.reuters.com@reuters.net; +61 2 9373 1821)) Keywords: MARKETS AUSTRALIA BONDS/FOREX (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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