09302016Fri
Last update: Fri, 30 Sep 2016 09am

Australia

Markets - FXMM - Australia

Australia dollar set for worst week in 2-1/2 months; NZ$ ailing SYDNEY/WELLINGTON: The Australian dollar appeared to be heading for its largest weekly fall in 2-1/2 months on Friday as markets wagered coming inflation data would trigger a rate cut at home while upbeat US figures aided the American currency. The Australian dollar fell 0.31 percent to $0.7468 on Friday, losing 1.4 percent in the week. This is the currency's biggest loss since May, though it does follow seven straight weekly gains.Investors have cut long positions in case consumer price data on July 27 proves weak enough to spur the Reserve Bank of Australia (RBA) into easing its policy rate to new lows.The market is pricing in a 60 percent probability of a 25 basis point rate cut to 1.50 percent at the next policy review on Aug.2."Traders are keenly awaiting Q2 CPI data for confirmation of the weak inflation trend that was the major influence on the previous RBA rate," ...

Markets - FXMM - Australia

New Zealand dollar tumbles 1pc on RBNZ statement WELLINGTON: The New Zealand dollar was trading 1 percent lower at US$0.6954 after the central bank signalled more rate cuts to come. "At this state, it seems likely that further monetary policy easing will be required to ensure that future average inflation settles near the middle of the target range," the central bank said in an economic update. The next rate review is Aug. 11 and the bank is widely expected to cut the rate ...

Markets - FXMM - Australia

Australian dollar boosted by jobs news, NZ$ hit by rate cut talk SYDNEY/WELLINGTON: The Australian dollar inched higher on Thursday after domestic data showed an encouraging jump in full-time jobs, while its New Zealand neighbour slipped on revived speculation of an interest rate cut.The Australian dollar was up at $0.7616, from $0.7590 late Wednesday, but again failed to clear resistance in the $0.7640/50 zone.Sentiment was aided by data showing a hefty 34,800 full-time jobs were created in June, outweighing a modest 7,900 increase in total employment.Yet the ...

Markets - FXMM - Australia

Australia, NZ dollars hold gains as commodities rally SYDNEY/WELLINGTON: The Australian dollar held firm on Wednesday after hitting a three-month top, while its New Zealand cousin reached the highest in over a year as a rally in global risk appetite lifted commodities and dented the Japanese yen.The Australian dollar was consolidating at $0.7590, having jumped 1.2 percent overnight to as far as $0.7650. The bounce recovered all the losses suffered in the wake of Britain's vote to leave the European Union.The gains were ...

Markets - FXMM - Australia

Australia, NZ dollar slightly higher after losing ground overnight WELLINGTON: The Australian and New Zealand dollars were slightly higher Tuesday, paring some overnight losses after the greenback gained ground.The Australian dollar was at 0.7568 while the New Zealand dollar was at 0.7255, still well off the one-year highs it hit Monday.The Kiwi faced strong resistance around the 0.7300 level after rallying over the weekend due to a Reserve Bank of New Zealand speech alluding to concerns about rising house prices being a possible reason ...

Markets - FXMM - Australia

NZ dollar pauses after impressive rally, AUD lags SYDNEY/WELLINGTON: The New Zealand dollar took a small step back from one-year highs against the greenback and euro on Monday, having surged in the past two sessions on improved global risk appetite and diminished expectations for an interest rate cut at home.The kiwi hovered just under 73 cents, not far from Friday's peak of $0.7308 - a high not seen since May 2015. The euro was at NZ$1.5170, struggling near a trough of NZ$1.5104.The rally ...

Markets - FXMM - Australia

Australia dollar subdued, RBA provides the briefest of boosts SYDNEY/WELLINGTON: The Australian dollar staged a fleeting rally on Tuesday after the central bank gave no clear guidance on whether it would ease again, leaving markets wondering if it had switched back to a neutral stance.The Aussie climbed as far as $0.7545 from around $0.7522, matching a 1-1/2 week high set overnight. But it then retreated to $0.7510, down 0.4 percent on the day.The market had been looking for the Reserve Bank of Australia (RBA), ...