07262016Tue
Last update: Tue, 26 Jul 2016 07am

Australia

Markets - FXMM - Australia

Australia dollar powers up after RBA squeezes doves SYDNEY/WELLINGTON: The Australian dollar climbed to a one-month high on Tuesday after the Reserve Bank of Australia's (RBA) kept monetary policy unchanged and investors modestly scaled back expectations of a near-term cut in rates.The Australian dollar shot up half a U.S. cent to a peak of $0.7426, before steadying at around $0.7421, up 0.7 percent on the day. A break of key resistance around $0.7430 would bring $0.7480 in focus.The Aussie rose nearly 1 percent against the yen, euro and kiwi dollar.The RBA kept the cash rate at a record low 1.75 percent at its monthly review, after cutting last month for the first time in one year.While it was a widely anticipated outcome, doves were disappointed that the statement did not give an explicit easing bias, resulting in short positions squeezed higher."Overall the statement seems fairly neutral. There's no indication here that they're about to cut," said Shane Oliver, ...

Markets - FXMM - Australia

Australia, NZ dollar run into profit-taking, caution ahead of RBA SYDNEY: The Australian and New Zealand dollars ran into profit-taking on Monday as sharp weekly gains left the currencies ripe for a small correction.Investors were also cautious ahead of Tuesday's Reserve Bank of Australia meeting.The Australian dollar fell 0.6 percent to $0.7326 on the day, having met stiff resistance at a one-month peak of $0.7393. Support was found around $0.7220.It was still holding hefty gains, having shot up 1.9 percent on Friday, its largest one-day ...

Markets - FXMM - Australia

Australia, NZ dollars calm, set to post weekly gains SYDNEY/WELLINGTON: The Australian and New Zealand dollars held steady, having proved resilient to broad US dollar strength on Friday with investors awaiting central bank policy reviews next week. Both currencies were on track for weekly gains. The New Zealand dollar was the clear outperformer at $0.6818, not far from this week's peak of $0.6834, having powered up 1.8 percent since Monday.A modest recovery in dairy prices, signs of a slight pick- up in inflation, continuing ...

Markets - FXMM - Australia

Australia dollar dips on yen buying, but dairy supports NZ dollar SYDNEY/WELLINGTON: The Australian dollar retreated from two-week highs on Thursday as sluggish factory activity across the world heightened risk aversion and boosted the yen, while the New Zealand dollar found support in rising dairy prices.The Australian dollar dipped to $0.7238, from $0.7255 early, pulling away from a high of 73 cents touched on Wednesday. It was still up 0.7 percent since Monday and if sustained, it would be the first weekly gain since mid-April.Support was ...

Markets - FXMM - Australia

Australia dollar jumps, bonds retreat after GDP stunner SYDNEY/WELLINGTON: The Australian dollar powered up on Wednesday after economic growth easily beat expectations, prompting investors to further scale back expectations for an interest rate cut soon.The Australian dollar climbed as far as $0.7294 from $0.7233 in early trade and pulling further away from a three-month trough touched last week.It was last at $0.7284 with resistance around $0.7325.Australia's economy grew by 1.1 percent in the first quarter, marking a remarkable 25 years without a recession, ...

Markets - FXMM - Australia

Australia dollar cheered by upbeat data, bond yields rise SYDNEY/WELLINGTON: The Australian dollar rebounded from three-month lows and bond prices fell on Tuesday following encouraging economic data, dragging the New Zealand dollar higher. Yet, both currencies were on track with hefty monthly losses. The Australian dollar bounced around half a US cent to $0.7239, pulling away from $0.7145 touched last week.The Aussie jumped 0.8 percent against the yen, while the euro slumped one full cent to A$1.5400.The move up came after first quarter balance ...

Markets - FXMM - Australia

Aussie tumbles on talk of more interest rate cuts LONDON: The Australian dollar fell to a 2-1/2-month low on Tuesday on talk that the Reserve Bank of Australia (RBA) might cut interest rates again this year, after its governor said the central bank was committed to inflation-targeting policy. Glenn Stevens was speaking publicly for the first time since the RBA's policy review this month, when it cut the cash rate by a quarter point to a record low 1.75 percent, citing surprisingly low inflation.That ...