MSN: NZ, Aussie dollars rise as risk sentiment improves
SYDNEY/WELLINGTON, April 30 (Reuters) - The New Zealand and Australian dollars held near their highest levels of the week on Friday as optimism about a quick rescue package for debt-stricken Greece bolstered risk sentiment.
* Aussie up at $0.9300 , having popped as far as $0.9315 in early trade. It was helped by buying by a Japanese name and news a A$3.45 billion bid by Shell and PetroChina for Australia's Arrow Energy had been approved [ID:nSGE63S0NW].
* Resistance was seen around previous highs at $0.9338 and $0.9364, with support at $0.9255/60 and $0.9220. * Kiwi trades a narrow range of $0.7234-0.7251, compared with $0.7170 on Thursday and just shy of the week's high, as it consolidates after the previous day's RBNZ interest rate review.
* NZ dollar support at around $0.7190 and resistance at $0.7280.
* Kiwi looks to have broken higher against the Aussie , sitting around NZ$1.2830 and in sight of a two-month high as the start of NZ tightening cycle nears and Australian rates have already come a long way.
* Australian data showed a 0.5 percent rise in private credit in March, the biggest monthly gain in over a year, while home prices climbed to new highs [ID:nSGE63S06H].
* Adds to speculation the Reserve Bank of Australia (RBA) will lift its cash rate by 25 basis points to 4.5 percent at its May policy meeting next Tuesday.
* Market showing around a 58 percent chance of a hike , up from 25 percent last week, while May interbank futures <0#YIB:> dip 0.02 points to 95.625.
* Euro rises against the U.S. dollar for a second day, bolstered by hopes a bailout plan for Greece will be larger than previously thought and allow it to avoid a debt default. [ID:nLDE63S0BL]
* But euro still testing record lows against the Aussie at A$1.4223 , having fallen from A$1.4420 at the end of last week.
* Kiwi firm near a two-year high against the euro and three-month high against the yen . Trade weighted NZ dollar index of five currencies <=NZD> at a five month high.
* NZ two-year swap yields three basis points higher at 4.38 percent, and heading to test the key 4.4 percent resistance level, which will be the highest in three months.
* NZ new building consents edge lower in March -- the third fall in four months -- as wariness ahead of tax changes in the budget next month is seen denting activity. See [ID:nWEL004030]
* Attention to turn to next week's NZ wages and jobs data, which expected to show easy wage pressures but a still soft labour market, with the jobless rate near decade-highs. [NZ/POLL]
* NZ debt <0#NZTSY=> generally weaker, government bonds and bank bill futures give ground. NZ swap rates yields up to 4 basis points higher.
* Three-year Australian bond futures up 0.01 point at 94.65, and ten-year futures 0.02 points higher at 94.28. (Reporting by Gyles Beckford and Wayne Cole)