08272016Sat
Last update: Sat, 27 Aug 2016 07am

Australia

Markets - FXMM - Australia

Australia, NZ dollars hold onto hefty gains for June SYDNEY/WELLINGTON: The Australian and New Zealand dollars found support on Thursday as the global appetite for risk assets recovered from the shock of Brexit, though speculation about future cuts in domestic interest rates limited their gains.The Australian dollar was parked at $0.7448, having risen almost half a U.S. cent in the previous 24 hours, but faced stiff chart resistance in the $0.7450/7470 zone.It has now recovered around half the loss suffered when Britain voted to leave the European Union, which toppled it from $0.7650 to $0.7305 in just a day.The currency was still 3 percent higher for June as a whole, thanks in large part to the fading risk of a rise in U.S. interest rates which hobbled the U.S. dollar.While the Federal Reserve had been talking of a move as early as July, recent events have led the market to price out all chance of hike this year and ...

Markets - FXMM - Australia

Australia, NZ stocks finish up as hopes of stimulus soothe Brexit fears MELBOURNE: Australian shares climbed 0.8 percent on Wednesday as global markets regained some semblance of stability following the Brexit rout, with NZ stocks also taking comfort from the calmer sentiment to add 1.3 percent. The S&P/ASX 200 index added 39.13 points to 5142.40 at the close of trade. The benchmark had dropped 0.7 percent on Tuesday.Gains came as US Federal Reserve Governor Jerome Powell said the Brexit result had shifted global risks "to the downside", ...

Markets - FXMM - Australia

Australia, NZ dollars steadier as some semblance of calm returns SYDNEY/WELLINGTON: The Australian and New Zealand dollars stayed defensive on Monday but without the stomach-churning volatility seen late last week after Britain stunned global markets by voting to leave the European Union.The Australian dollar hovered just above 74 U.S. cents in early afternoon trade, having moved in a 3/4 cent range of $0.7385-$0.7460. On Friday, it whipsawed in a 3-1/2 cent range of $0.7305-$0.7650.The New Zealand dollar last stood at $0.7050, having also traded in ...

Markets - FXMM - Australia

Australia, NZ dollar bulls pin hopes on Britain staying in EU SYDNEY/WELLINGTON: The Australian and New Zealand dollars stayed firm on Thursday, with the kiwi a whisker short of a one-year peak, on optimism that Britain will stay in the European Union. Just hours before UK voters begin to cast their votes in a historic EU membership referendum, two opinion polls showed the "Remain" camp ahead of the "Leave" camp.The Australian dollar was last trading 0.2 percent higher at $0.7517, having earlier re-tested a near two-month ...

Markets - FXMM - Australia

Chirpy Aussie dollar flirts with 75 cents, kiwi muted SYDNEY/WELLINGTON: The Australian dollar flirted with a two-week high near 75 U.S. cents on Tuesday, after the country's central bank gave no clear hint that it would ease policy again.This combined with diminishing anxiety that Britain will leave the European Union saw the Aussie climb as far as $0.7488 , a high last seen on June 9. It has since stepped back to $0.7468, up 0.2 percent on the day.Minutes of the Reserve Bank of ...

Markets - FXMM - Australia

Australia, NZ dollars rise as Brexit anxiety eases slightly SYDNEY/WELLINGTON: The Australian and New Zealand dollars rose against the greenback and yen on Monday, underpinned by improved risk appetite as momentum swung towards Britain remaining in the European Union ahead of this week's referendum.Three opinion polls before Thursday's vote showed the 'Remain' camp gaining some traction, although the overall picture remained one of an evenly split electorate."If the UK does remain within the EU then we assume a risk-on vibe will dominate markets, to ...

Markets - FXMM - Australia

Australia dollar hold gains after jobs and Fed, NZ dollar boosted by GDP SYDNEY/WELLINGTON: The Australian and New Zealand dollars held gains against the greenback on Thursday, buoyed by better-than-expected Australian jobs data and after the U.S Federal Reserve scaled back its rate hike projections, but the Aussie hit a four-year low against the yen.The Antipodean currencies had already been on the rise on broad U.S. dollar weakness after the Fed said at its policy meeting that slower economic growth would crimp the pace of monetary policy tightening ...