Thursday, 23 May 2013 03:42
Posted by Imaduddin
SYDNEY/WELLINGTON: The Australian dollar hit an 11-month low against the US dollar and a 1-1/2-year trough versus the euro on Thursday after US Federal Reserve Chairman Ben Bernanke signalled he may trim asset purchases if the US economy continues to recover.Chinese PMI due at 0145 GMT. A weak reading could spur more selling in the Antipodeans, as China is a key export market for both Australia and New Zealand.The Aussie fell as low as $0.9662, its weakest since June last year and reversing a climb to $0.9828. It skidded 1.1 percent on Wednesday to last change hands at $0.9688 at 2201 GMT.A slowing in the Fed's massive monetary stimulus programme could diminish demand for higher-yielding assets, including the Antipodean currencies.The New Zealand dollar plumbed an 8-1/2-month trough of $0.8057, showing a sharp drop of 1.3 percent, weighed by a broad US dollar rally even as the Fed indicated that the ...
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SYDNEY/WELLINGTON: The Australian dollar hit an 11-month low against the US dollar and a 1-1/2-year trough versus the euro on Thursday after US Federal Reserve Chairman Ben Bernanke signalled he may trim asset purchases if the US economy continues to recover.Chinese PMI due at 0145 GMT. A weak reading could spur more selling in the Antipodeans, as China is a key export market for both Australia and New Zealand.The Aussie fell as low as $0.9662, its weakest since June last year and reversing a climb to $0.9828. It skidded 1.1 percent on Wednesday to last change hands at $0.9688 at 2201 GMT.A slowing in the Fed's massive monetary stimulus programme could diminish demand for higher-yielding assets, including the Antipodean currencies.The New Zealand dollar plumbed an 8-1/2-month trough of $0.8057, showing a sharp drop of 1.3 percent, weighed by a broad US dollar rally even as the Fed indicated that the ...
SYDNEY/WELLINGTON: The Australian and New Zealand dollars regained ground on Tuesday as suspense grew over whether the US Federal Reserve chief would signal his intention to start tapering the bank's bond-buying programme.The Aussie dollar rose to $0.9828 by 0557 GMT, from $0.9793 earlier. It had already gained 0.8 percent on Monday, further recovering from a 11-month trough of $0.9711 set last week.It climbed as high as $0.9836, buoyed by a wave of short-covering on growing ...
SYDNEY/WELLINGTON: The Australian and New Zealand dollars were near multi-month lows on Friday after being battered by the clearest hint yet that the US Federal Reserve's loose money policies could start coming to an end late in the year.The Australian dollar lower at $0.9820 from $0.9900 late on Thursday, having touched a fresh 11-month low of $0.9796. It has fallen more than 5 percent so far this month.Little support seen before the June trough of ...
TORONTO: The Canadian dollar held steady against its US counterpart in quiet trading on Monday, finding support from US retail sales figures that signaled underlying strength in the economy.US retail sales in April rose unexpectedly, leading forecasters to bump up second-quarter growth estimates."Considering some of the other commodity currencies have been under so much pressure recently, the Canadian dollar is holding in quite well," said David Bradley, director of foreign exchange trading at Scotiabank, attributing ...
