01192017Thu
Last update: Thu, 19 Jan 2017 01pm

Australia

Markets - FXMM - Australia

Australia dollar aided by the RBA, NZ dollar at 6-month lows SYDNEY/WELLINGTON: The Australian dollar inched higher on Tuesday following four straight days of losses, after the country's central bank indicated it was done cutting interest rates for now.The Australian dollar was up 0.14 percent at $0.7253 but still near 6-1/2-month lows of $0.7241 touched earlier. The Aussie has shed all of its gains this year after being 6.5 percent higher in early November.The Aussie has been on a downward trend since Donald Trump won the U.S. presidential election last month as his policies are widely seen as inflationary.The Federal Reserve increased interest rates last week while signalling a faster pace of hikes next year, sending both Treasury yields and the greenback soaring.Minutes of the Reserve Bank of Australia's (RBA) December meeting on Tuesday showed the board was trying to balance the benefits of easy policy against the risks of encouraging a renewed borrowing binge by heavily indebted households."I think this ...

Markets - FXMM - Australia

Australia dollar steady after budget forecast, NZ$ ticks up SYDNEY/WELLINGTON: The Australian dollar stayed near a six-month trough on Monday after the government forecast a smaller-than-feared budget deficit this year, but that could not fully deflect the threat of a downgrade to the country's top credit rating.The Aussie held at $0.7300, after three straight days of heavy losses that pulled it to its lowest since June 3. The currency has shed all of its gains this year after the Federal Reserve pushed U.S. interest ...

Markets - FXMM - Australia

Australia dollar struggles at 75 US-cent barrier, NZ$ ticks higher SYDNEY: The Australian dollar struggled at the crucial 75 U.S. cents barrier on Wednesday despite punching through it several times, dragged by concerns about the country's job market and ahead of the U.S. Federal Reserve meeting.The Australian dollar slipped 0.1 percent to $0.7490, after two straight days of gains.The currency has recently been restrained by a resurgent U.S. dollar after the victory of Donald Trump in the U.S. presidential elections last month sent both Treasury ...

Markets - FXMM - Australia

Australian, NZ dollars at multi-month peak versus yen as yields climb SYDNEY/WELLINGTON: The Australian dollar jumped on the Japanese yen on Friday as investors piled positions in high-yielding currencies with Aussie bond yields near 11-month highs, tracking US Treasuries.The Australian dollar hit a seven month peak of 84.60 yen, clocking its fifth straight day of gains.The Aussie rose 0.2 percent against the greenback but was trapped in a $0.7365-$0.7446 band. It has gained more than 1 percent on the week, holding its own against the dollar."Support ...

Markets - FXMM - Australia

Australia, NZ dollars buoyed by commodities, carry trades SYDNEY/WELLINGTON: The Australian and New Zealand dollars edged up on Wednesday as less volatile markets, rising equities and bubbly commodities underpinned sentiment for carry trades.The Australian dollar edged up to $0.7428, from $0.7400 in early trade, having bounced from a five-month trough of $0.7311 touched on Monday.The Aussie is still down three cents in the two weeks since Republican Donald Trump won the U.S. Presidency and triggered a jump in inflation wagers and Treasury yields.A ...

Markets - FXMM - Australia

Australia, NZ dollars find relief as US juggernaut pauses SYDNEY/WELLINGTON: The Australian and New Zealand dollars edged higher on Tuesday as their U.S. counterpart consolidated after its recent rapid ascent, while gains in key commodity prices offered some fundamental support.The Australian dollar crept to $0.7392 and away from a five-month trough of $0.7311 touched on Monday.The Aussie is still down four cents in the two weeks since Republican Donald Trump won the U.S. Presidency and triggered a jump in inflation wagers and Treasury yields."Expectations ...

Markets - FXMM - Australia

Australia dollar falls on greenback strength, NZ$ climbs off floor SYDNEY/WELLINGTON: The Australian dollar was pinned near two-month lows on Thursday as the greenback surged on bets inflation and interest rates will rise in the United States under President-elect Donald Trump.The Australian dollar was at $0.7478, after skidding as far as $0.7461 overnight, its lowest since Sept. 15. The Aussie was now threatening a key chart support, and a break would take it to territory not visited since June.The Aussie has lost more than 3.5 ...