12082016Thu
Last update: Thu, 08 Dec 2016 05am

Australia

Markets - FXMM - Australia

Australian dollar pauses after 5-day rally; NZ firm SYDNEY/WELLINGTON: The Australian dollar paused on Wednesday after a strong rally overnight as downbeat economic figures weighed on its U.S. counterpart.The Australian dollar held at $0.7673, near three-week highs after domestic data showed the economy expanded at its fastest annual pace in four years.It rose 1.4 percent on Tuesday, advancing for a fifth consecutive day.The Aussie is up more than 5 percent so far this year, thanks in large part to offshore interest in carry trades - where investors borrow at low rates in yen or euros to buy higher-yielding assets."The chase for yield is back in vogue," said Stephen Innes, senior currency trader at OANDA Australia and Asia Pacific.Innes said the probability of a near-term rate hike by the U.S. Federal Reserve was diminishing after data on Tuesday showed the Institute for Supply Management's non-manufacturing purchasing managers' index fell to 51.4 last month."We could see a further drop in ...

Markets - FXMM - Australia

Australian dollar near 1-month lows, NZD boosted by business confidence SYDNEY/WELLINGTON: The Australian dollar traded near one-month lows on Wednesday after upbeat U.S. data added to the risk of a near-term rate hike by the Federal Reserve.The Australian dollar held at $0.7521, after touching $0.7500 on Tuesday, its lowest since Aug.2.The Aussie has been on a downtrend since hitting a near 3-1/2 month high of $0.7760 earlier in August. It is now trading below a key support of around $0.7530, and could hit $0.7450, a ...

Markets - FXMM - Australia

Australia, NZ dollars fall on US rate concerns, then pare losses SYDNEY/WELLINGTON: The Australian dollar fell to its lowest level in nearly a month after traders wagered on a U.S. interest rate following Federal Reserve Chair Janet Yellen's upbeat assessment of the economy.However, the Aussie shed most of the losses later in the session and in afternoon trading was mostly unchanged at $0.7549. Earlier, it touched $0.7525, its lowest level since Aug. 2.The Aussie and the New Zealand dollars have been resilient in the face of ...

Markets - FXMM - Australia

Australia, NZ dollars slide on negative outlook for bank ratings SYDNEY/WELLINGTON: The Australian and New Zealand dollars were knocked lower on Friday after ratings agency Moody's cut the outlook on Australian banks to negative, providing investors an impetus to sell both currencies. The Australian dollar dropped 0.7 percent to $0.7632, pulling away from a recent three-week peak of $0.7760. Support was found at $0.7608.Traders said the Antipodeans were ripe for a correction and sellers surfaced on news that Moody's was considering cutting the ratings of ...

Markets - FXMM - Australia

Australia, NZ dollars rally on jobs report, Fed SYDNEY/WELLINGTON: The Australian dollar received a fillip on Thursday after better-than-expected domestic jobs figures supported expectations that interest rates are likely to stay on hold for a couple of months at least.The New Zealand dollar also rose on speculation the U.S. Federal Reserve is in no rush to raise rates.The Australian dollar rallied around half a U.S. cent to $0.7709, pulling closer to a three-month peak of $0.7760 touched last week. Resistance was found at ...

Markets - FXMM - Australia

Australia dollar steady near 3-week high, NZ$ falls SYDNEY/WELLINGTON: The Australian dollar held onto recent gains on Monday, staying near a three-week high as investors seeking to escape negative interest rates in Europe and Japan continued to put money into the currency.The Aussie was barely changed at $0.7612. A rise above its 10-week peak of $0.7676 touched on July 15 would push it to its highest level since early May."The Aussie is still getting a lot of favourable support against most major currencies ...

Markets - FXMM - Australia

Australia dollar up on sterling ahead of BoE; NZ$ off lows SYDNEY/WELLINGTON: The Australian dollar gained on the British pound on Thursday as investors braced for a Bank of England meeting later in the session where it is widely expected to cut rates for the first time since 2009.Sterling slipped a modest 0.22 percent on the Aussie to A$1.7514, but dealers suspect it could fall much further should the BoE take the sort of aggressive action some have called for.The pound has been trading in a ...