09302016Fri
Last update: Fri, 30 Sep 2016 11am

Australia

Markets - FXMM - Australia

Australia, NZ dollars rise as oil prices rally SYDNEY/WELLINGTON: The Australian dollar climbed to a three-week high on Thursday, making its fourth straight day of gains with help from a surge in oil prices after the Organization of the Petroleum Exporting Countries agreed to trim output.That gave the Australia dollar a boost as the country is a major exporter of natural resources, though it is a net importer of oil.The Aussie ran past key chart resistance at 77 U.S. cents to hit its highest since Sept. 8 but soon settled back to $0.7694, standing virtually unchanged from the last close.The Aussie has breached 77 cents several times in the past couple of months, but failed to hold above it.It has added about 1 percent this week and is set to end the month higher, although traders expect limited future gains."We expect further upside is capped until either commodity markets break significantly higher or the Reserve Bank of Australia ...

Markets - FXMM - Australia

Australia, NZ dollars rise as markets judge Clinton winner in US debate SYDNEY/WELLINGTON: The Australian dollar bounced from early losses on Tuesday as investors seemed to judge Democrat Hillary Clinton as the winner of the first U.S. presidential debate against Republican Donald Trump.The Australian dollar was down about 0.2 percent before the debate began but turned around to be up 0.33 percent at $0.7660 after it ended. The Aussie is set to close the month in the black, after falling more than 1 percent in August."The market ...

Markets - FXMM - Australia

Australia, NZ dollars inch higher, eyes on cenbank meetings SYDNEY/WELLINGTON: The Australian dollar briefly nudged higher on Tuesday after the country's central bank hinted at a steady policy outlook, but trading was overshadowed by looming meetings of the Bank of Japan (BOJ) and Federal Reserve.The Australian dollar rose as high as $0.7554 after the minutes of the Reserve Bank of Australia's (RBA) September meeting showed it was comfortable with the current policy after holding rates at 1.50 percent earlier this month.It was last around ...

Markets - FXMM - Australia

Australian dollar near 1-week high; Fed and BOJ in focus SYDNEY/WELLINGTON: The Australian dollar traded near one-week highs on Monday as its U.S counterpart slipped with few expecting a Federal Reserve interest rate hike this week.A A$9.7 billion ($7.30 billion) sale of the Port of Melbourne to a group involving U.S. and Canadian players also boosted sentiment and underscored the strong appetite for Australian assets.The Australian dollar rose 0.57 percent to $0.7536, its highest level since Sept. 13. Traders are looking at a break above ...

Markets - FXMM - Australia

Australia dollar slightly firmer after China data, NZ dollar up SYDNEY/WELLINGTON: The Australian dollar got a small lift on Thursday after China's August imports unexpectedly rose for the first time in 22 months in a sign that demand in the world's second-largest economy was picking up.The Australian dollar rose as high as $0.7687, not too far from a three-week top of $0.7698 touched on Wednesday, after the positive news from Australia's No.1 trading partner.The Aussie has been flirting with 77 cents, a key resistance level ...

Markets - FXMM - Australia

Australian dollar pauses after 5-day rally; NZ firm SYDNEY/WELLINGTON: The Australian dollar paused on Wednesday after a strong rally overnight as downbeat economic figures weighed on its U.S. counterpart.The Australian dollar held at $0.7673, near three-week highs after domestic data showed the economy expanded at its fastest annual pace in four years.It rose 1.4 percent on Tuesday, advancing for a fifth consecutive day.The Aussie is up more than 5 percent so far this year, thanks in large part to offshore interest in carry ...

Markets - FXMM - Australia

Australian dollar near 1-month lows, NZD boosted by business confidence SYDNEY/WELLINGTON: The Australian dollar traded near one-month lows on Wednesday after upbeat U.S. data added to the risk of a near-term rate hike by the Federal Reserve.The Australian dollar held at $0.7521, after touching $0.7500 on Tuesday, its lowest since Aug.2.The Aussie has been on a downtrend since hitting a near 3-1/2 month high of $0.7760 earlier in August. It is now trading below a key support of around $0.7530, and could hit $0.7450, a ...