05262016Thu
Last update: Thu, 26 May 2016 11am

Australia

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. Tumbling oil prices have taken a toll on the loonie, down around 5 percent this year.Underpinning the Aussie was a reduction in US dollar bullish bets. Contracts in Australian dollar net short positions fell to around 72,000 in the week ended Dec 15, from 81,000, data from the Commodity Futures Trading Commission showed. Speculators also added to their net Aussie long positions. The market reversed course on the kiwi dollar to be net long, from ...

Markets - FXMM - Australia

Dollar gains traction, BoJ next up to the plate SYDNEY: The US dollar stood at its highest in two weeks against a basket of currencies early on Friday, having made a decisive move a day after the Federal Reserve delivered a long-awaited hike in interest rates. Commodity currencies were hardest hit as the firmer greenback took a toll on a range of commodities from oil to base metals and gold. The Canadian dollar was now close to a 12-year low, having come within a ...

Markets - FXMM - Australia

Australia, New Zealand dollars on the skids after Fed hikes SYDNEY/WELLINGTON: The Australian and New Zealand dollars fell on Thursday, as US dollar bulls cheered the Federal Reserve's decision to finally raise interest rates for the first time in nearly a decade.The Australian dollar dropped 0.7 percent on the day to $0.7177, pulling closer to a recent trough of $0.7160 touched twice last week. A break below would test $0.7080."Rising US interest rates will help maintain downward pressure on the value of the A$ through ...

Markets - FXMM - Australia

New Zealand dollar down vs US dollar after Fed hikes rates WELLINGTON: The New Zealand dollar was quoted at $0.6754 after the US Federal Reserve raised interest rates, down from $0.6785 before the decision was announced. The kiwi briefly fell as low as $0.6732 after the rate decision but then made up some ground. The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday. Copyright Reuters, 2015 ...

Markets - FXMM - Australia

Australia cenbank's Stevens says A$ could fall further SYDNEY: The Australian dollar could fall further in sympathy with lower commodity prices, the head of the Reserve Bank of Australia Glenn Stevens said in a newspaper interview published on Wednesday. Speaking to the Financial Review, Stevens said: "The exchange rate has been adjusting - doing its job - and I note commodity prices are still falling, so it is possible that further adjustment will occur. I think that is possible." The Australian dollar last ...

Markets - FXMM - Australia

Australia, NZ dollars surge on stunning jobs and RBNZ cut SYDNEY: The Australian and New Zealand dollars surged on Thursday after markets were wrong footed by another stunning jobs report in Australia, while the Reserve Bank of New Zealand surprised some by almost shutting the door on further easing.The Australian dollar soared 1.3 percent to $0.7325, pulling closer to a four-month peak of $0.7386 touched last week.It powered up 1.5 percent on the yen, while the euro and pound skidded two full cents and pence ...

Markets - FXMM - Australia

Euro, yen lead gains as USD suffers positioning setback SYDNEY: The euro held on to solid gains early on Thursday and stayed above the $1.10 big figure after comments from a central banker suggested markets had been expecting too much stimulus from the European Central Bank.The common currency last stood at $1.1021, having scaled a one-month peak of $1.1044. The move extended last week's 2.8 percent short-covering rally after the ECB fell well short of delivering the aggressive easing that markets expected.Responding to accusations ...