05022016Mon
Last update: Mon, 02 May 2016 03pm

Australia

Markets - FXMM - Australia

Dollar steadier after jobs data, China in focus this week SYDNEY: The dollar got off to a subdued start on Monday, having recovered a bit of ground late last week after upbeat payrolls data bolstered the case for an imminent hike in U.S. interest rates.To be sure, the greenback's reaction was modest with a Fed hike at the Dec. 15-16 meeting already considered highly likely. The focus has shifted to how gradual the tightening cycle will be following the initial move.The dollar index last stood at 98.322, having bounced 0.75 percent on Friday, partly after nonfarm payrolls rose by 211,000 last month. Figures for September and October were revised to show 35,000 more jobs than previously reported.Ray Attrill, global co-head of FX strategy at National Australia Bank, said the U.S. employment report effectively confirmed that a Fed liftoff next week is a done deal."The U.S. dollar was stronger across the board though the DXY failed to recoup more than about ...

Markets - FXMM - Australia

Dollar trips on disappointing data, Aussie shines SYDNEY: The US dollar nursed broad losses early on Wednesday, having retreated from a multi-month peak as bulls got cold feet after U.S. manufacturing contracted in November for the first time in three years.The dollar index stood at 99.779, skidding below an 8-1/2-month high of 100.310 set on Monday. It had rallied 3.3 percent last month on expectations that the Federal Reserve would hike U.S. interest rates at its Dec. 15-16 policy review.Prompting investors to ...

Markets - FXMM - Australia

Dollar consolidates as payrolls-inspired rally cools SYDNEY: The dollar hovered just below a seven-month peak against a basket of major currencies early on Tuesday, having consolidated its payrolls-inspired rally in a subdued session overnight.The dollar index last stood at 99.033, drifting down from Friday's peak of 99.345, a high not seen since mid-April. Against the yen, the greenback fetched 123.15 yen, just off a 2-1/2-month high of 123.60.The euro traded at $1.0753, having been as low as $1.0704 on Friday. Versus ...

Markets - FXMM - Australia

Australia, NZ dollars run into profit-taking after large gains SYDNEY: The Australian and New Zealand dollars ran into profit-taking on Friday following two sessions of hefty gains, with the kiwi poised to shine with a rise of around 2 percent for the week. The New Zealand dollar edged down to $0.6829, having started the session at a 3-1/2-month peak of $0.6897.It briefly rose a quarter of a cent after slightly higher-than-expected inflation data added to speculation the Reserve Bank of New Zealand (RBNZ) may ...

Markets - FXMM - Australia

Australia, NZ dollars nurse losses as China weighs SYDNEY: The Australian and New Zealand dollars nursed losses on Wednesday as concerns about China and global growth sent investors to the safety of government bonds.The Australian dollar dipped to $0.7234 from $0.7273 early, having skidded 1.6 percent on Tuesday.Commodity currencies, including Brazil's real, took a blow overnight following a sharper-than-expected fall in Chinese imports. China is the world's largest importer of commodities."One of the reasons behind the weakness in the Australian dollar remains global ...

Markets - FXMM - Australia

Dollar stung by Fed minutes, commodity currencies outperform SYDNEY: The dollar started trade in Asia on Friday under a cloud, having come under renewed pressure after minutes of the Federal Reserve's September meeting reinforced doubts that the central bank will hike interest rates this year.The minutes revealed a deeply cautious central bank that delayed a long-anticipated tightening because policymakers wanted to make sure that a global economic slowdown would not threaten to derail a U.S. recovery."The minutes were viewed as mirroring the dovish ...

Markets - FXMM - Australia

Australian, NZ dollars underpinned by global equities rally SYDNEY/WELLINGTON: The Australian and New Zealand dollars were on a firmer footing on Thursday, as a sharp rebound in Asian stock markets and better than expected business spending plans in Australia encouraged buying.The Australian dollar rose to $0.7142, from $0.7110 early, pulling away from a 6-1/2-year trough touched on Monday. Resistance was found at $0.7155 where dealers cited stops. The Aussie regained some ground against the yen at 85.71, having dropped to a low of ...