02152016Mon
Last update: Mon, 15 Feb 2016 01am

Australia

Markets - FXMM - Australia

Australia, NZ dollars poised for large weekly losses vs yen SYDNEY/WELLINGTON: The Australian and New Zealand dollars fell for a seventh straight session versus the yen on Friday as a sell-off in global stocks sent investors to safe-haven assets, leaving both currencies with deep weekly losses. The yen, a favoured currency at times of heightened risk aversion, gained broadly as worries over European bank debt clouded an already bleak economic outlook. The jump in the currency in turn slammed Japanese shares down more than 5 percent and added to risk aversion globally. The Aussie slipped to 79.51 yen, having plumbed on Thursday its lowest in four years at 77.57. It was on track to repeat last week's decline of 3.6 percent. The Aussie has now lost 7 yen in just two weeks and risks a retreat to the June 2012 trough of 74.42 yen. The kiwi skidded to 74.91 yen, nearing a six-month trough of 73.19 touched on Thursday. It ...

Markets - FXMM - Australia

Dollar awaits Fed outcome, Canada's loonie bounced around by oil SYDNEY: The US dollar kept to the sidelines early on Wednesday with the market waiting for a interest rate steer from the Federal Reserve, while a fleeting rebound in oil prices sparked a short-covering rally in currencies like the Canadian dollar. Weakness in the Swiss franc caught some attention, sparking talk the Swiss National Bank could have been selling. The euro jumped to a one-year high of 1.1059 francs, while the greenback came within a ...

Markets - FXMM - Australia

Yen eases as markets regain some composure, Aussie firmer SYDNEY: The safe-haven yen nursed losses early on Friday, while currencies such as the Australian dollar staged a modest rebound thanks in part to a turnaround in risk sentiment that saw Wall Street and oil prices bounce off lows. The greenback popped back above 118.00 yen, pulling well away from a four-month trough of 116.70 plumbed on Monday. The euro climbed to a one-week high of 128.75 yen, before drifting off to last stand at ...

Markets - FXMM - Australia

Euro, yen surge as commodity currencies sag on China jitters SYDNEY: The euro and yen held on to solid gains early on Friday, having enjoyed a short-covering rally as heightened risk aversion took a heavy toll on commodity currencies such as the Australian dollar.Investors were anxiously awaiting the yuan fix to see if China's central bank allowed it to fall yet further, a move that would likely intensify pressure on regional currencies and benefit the yen.Oddly, the euro was one of the few to outperform ...

Markets - FXMM - Australia

NZ dollar crawls to 2-month highs, Aussie restrained SYDNEY/WELLINGTON: The New Zealand dollar inched up to two-month hights on Tuesday buoyed by a hunt for yield, while its Australian counterpart edged off highs in thin year-end trade. The New Zealand dollar crawled up to $0.6866, its highest since mid-October, and looked on track for an increase of nearly three cents this month.The kiwi gained some ground after the US dollar held near a one-week low against a basket of currencies on some profit-taking ...

Markets - FXMM - Australia

Australia, NZ dollars nudge up, test stiff resistance SYDNEY/WELLINGTON: The Australian and New Zealand dollars edged up on Tuesday to find stiff chart resistance in trading thinned by a holiday-heavy week.The Australian dollar rose as high as $0.7204 where it met solid offers at the 72 US cents chart barrier. At $0.7195 it has gained one full cent since touching a one-month trough last week. Yet, it is still down 12 percent for the year, largely due to a diverging interest rate outlook ...

Markets - FXMM - Australia

Australia, NZ dollars trapped by holiday lull SYDNEY/WELLINGTON: The Australian and New Zealand dollars struggled for momentum on Monday as traders were reluctant to make any significant moves in a holiday-heavy week.The Australian dollar held at $0.7155, having met a wall of sellers ahead of 72 US cents. It touched a one-month trough of $0.7097 last week and was down 12 percent for the year.It held its ground against a battered Canadian dollar at C$0.9990, having briefly popped above parity on Friday. ...