US tech stocks under pressure drag down commodity currencies; AUD hits a seven-month low and NZD approaches a 19-month low

1. The Australian dollar continued to fall on Thursday by 0.25% to 0.6828 US dollars, hitting its lowest since March; it had already dropped 0.3% on Wednesday. If it fails to quickly recover 0.6835, it may fall towards its lowest level since January in the coming sessions.2. After plunging 0.8% on Wednesday, the New Zealand dollar continued to decrease by 0.15% on Thursday to around 0.5550, just a step away from the 19-month low of 0.5529 US dollars. The short-term resistance level is around 0.5650 US dollars.3. NVIDIA’s board of directors met late Wednesday to discuss whether to dismiss CEO Jensen Huang. Technology stocks came under pressure, dragging down the US stock market and adding extra pressure on the Australian dollar.4. Analysts said that market momentum has shifted downward; the Reserve Bank of Australia’s more cautious stance, along with market pricing indicating that this tightening cycle may be nearing its end, will put pressure on the Australian dollar in the short term. He noted that if the market believes the Federal Reserve is unlikely to implement the two rate hikes currently priced in before April 2027, the Australian dollar may rebound to 0.7200 in the first quarter.5. Reserve Bank of Australia Monetary Policy Committee member Becker cancelled his scheduled public speech on Thursday due to a sudden family emergency.