08252016Thu
Last update: Thu, 25 Aug 2016 02pm

Australia

Markets - FXMM - Australia

Australia, NZ dollars slide on negative outlook for bank ratings SYDNEY/WELLINGTON: The Australian and New Zealand dollars were knocked lower on Friday after ratings agency Moody's cut the outlook on Australian banks to negative, providing investors an impetus to sell both currencies. The Australian dollar dropped 0.7 percent to $0.7632, pulling away from a recent three-week peak of $0.7760. Support was found at $0.7608.Traders said the Antipodeans were ripe for a correction and sellers surfaced on news that Moody's was considering cutting the ratings of Australia's major banks due to sluggish profit growth .Also undermining the currency was euro buying after stops were tripped above A$1.4800. The euro sped up to A$1.4827 , having bounced four cents since a low touched last week.The Aussie was on track for a loss of 0.7 percent for the week, having erased earlier gains made on speculation the US Federal Reserve is in no rush to raise interest rates.Against its kiwi cousin, it shed ...

Markets - FXMM - Australia

Australia, NZ dollars rally on jobs report, Fed SYDNEY/WELLINGTON: The Australian dollar received a fillip on Thursday after better-than-expected domestic jobs figures supported expectations that interest rates are likely to stay on hold for a couple of months at least.The New Zealand dollar also rose on speculation the U.S. Federal Reserve is in no rush to raise rates.The Australian dollar rallied around half a U.S. cent to $0.7709, pulling closer to a three-month peak of $0.7760 touched last week. Resistance was found at ...

Markets - FXMM - Australia

Australia dollar steady near 3-week high, NZ$ falls SYDNEY/WELLINGTON: The Australian dollar held onto recent gains on Monday, staying near a three-week high as investors seeking to escape negative interest rates in Europe and Japan continued to put money into the currency.The Aussie was barely changed at $0.7612. A rise above its 10-week peak of $0.7676 touched on July 15 would push it to its highest level since early May."The Aussie is still getting a lot of favourable support against most major currencies ...

Markets - FXMM - Australia

Australia dollar up on sterling ahead of BoE; NZ$ off lows SYDNEY/WELLINGTON: The Australian dollar gained on the British pound on Thursday as investors braced for a Bank of England meeting later in the session where it is widely expected to cut rates for the first time since 2009.Sterling slipped a modest 0.22 percent on the Aussie to A$1.7514, but dealers suspect it could fall much further should the BoE take the sort of aggressive action some have called for.The pound has been trading in a ...

Markets - FXMM - Australia

Australia dollar holds ground as yield chase continues SYDNEY/WELLINGTON: The Australian dollar held its gains on Wednesday as yield-hungry investors continued to pour money into the currency despite a central bank easing the day before.The Australian dollar stood at A$0.7592, having climbed nearly 1 percent on Tuesday even as the Reserve Bank of Australia (RBA) cut rates to record lows.Even with the latest cut, Australian rates look attractive compared to rich-world peers. Ten-year domestic debt yields are at 1.83 percent compared to 1.53 ...

Markets - FXMM - Australia

Australian dollar defies rate cut, NZ$ looks to global dairy auction SYDNEY/WELLINGTON: The Australian dollar proved remarkably resilient on Tuesday as investors brushed aside a cut in rates to record lows and instead focused on the still fat yields offered by government bonds.The Aussie initially fell half a U.S. cent to $0.7486 when the Reserve Bank of Australia (RBA) cut its cash rate a quarter point to 1.5 percent. Yet within a couple of hours it was back up at A$0.7547, undimmed on the day.The policy ...

Markets - FXMM - Australia

Australia dollar set for worst week in 2-1/2 months; NZ$ ailing SYDNEY/WELLINGTON: The Australian dollar appeared to be heading for its largest weekly fall in 2-1/2 months on Friday as markets wagered coming inflation data would trigger a rate cut at home while upbeat US figures aided the American currency. The Australian dollar fell 0.31 percent to $0.7468 on Friday, losing 1.4 percent in the week. This is the currency's biggest loss since May, though it does follow seven straight weekly gains.Investors have cut long positions ...