12042016Sun
Last update: Sun, 04 Dec 2016 07pm

Australia

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 for the currency appears to have been driven by another solid night for commodities," said Rodrigo Catril, currency strategist at National Australia Bank.Prices of iron ore, the country's single biggest export earner, have rallied hard this week. Futures traded in China <0#DCIO:> were up almost 6 percent, having jumped over 7 percent on Wednesday.Also helping was carry demand, where investors borrow at low rates in yen to buy higher yielding assets such as the Aussie ...

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 ...

Markets - FXMM - Australia

Australia, NZ dollars hold solid gains on yen and euro SYDNEY: The Australian and New Zealand dollars probed multi-month peaks against the Japanese yen and the euro on Wednesday as a bounce in risk appetite saw investors amassing positions in high-yielding currencies.The Aussie rose to near 6-1/2 month highs against the yen and was not far from a 17-1/2 month peak against the euro.The demand on the crosses helped the Aussie stabilise on the U.S. dollar around $0.7560, following last week's retreat from $0.7760.The greenback ...

Markets - FXMM - Australia

NZD up 1.47pc in early Asia-Pacific trade WELLINGTON: The New Zealand dollar rallied 1.47 percent to be quoted at $0.7293 in early Asia-Pacific trading on Thursday. The Kiwi rose overnight from around $0.7181 the previous day, to a one-month high, as US dollar weakness and strong local economic data boosted the currency. "Despite the risk-off mood the NZD has been the best performer," said BNZ currency strategist Jason Wong in a research note, adding recovering global dairy prices and strong New Zealand ...

Markets - FXMM - Australia

Australia dollar loses another bout with 77 cent barrier, NZ$ steady SYDNEY/WELLINGTON: The Australian dollar ticked lower on Thursday as a two-day rally fizzled out in the face of stubborn chart resistance above 77 U.S. cents.The Australian dollar slipped 0.24 percent to $0.7630. It briefly touched a high of $0.7709 on Wednesday after steady inflation figures only reinforced expectations the Reserve Bank of Australia (RBA) would skip a chance to cut rates at its policy meeting next Tuesday.However, the Aussie was quick to fall back, marking ...