07022016Sat
Last update: Sat, 02 Jul 2016 12pm

Australia

Markets - FXMM - Australia

Colourful 'vomit-like' Australian $5 note unveiled SYDNEY: It may be the smallest-denominated Australian dollar banknote, but a new design for the Aus$5 bill attracted an outsized amount of criticism when it was unveiled Tuesday, with detractors calling it "hideous" and "like vomit".The note, which will replace its more bland predecessor from September 1, features a yellow Prickly Moses wattle flower and a colourful Eastern Spinebill native bird."Each banknote in the new series will depict a different species of Australian wattle and a native bird within a number of the elements," Reserve Bank of Australia governor Glenn Stevens said in a statement."The designs are the culmination of a process of extensive consultation with subject-matter experts and the cash-handling industry, as well as qualitative research involving focus groups."But critics -- from social media users to bird-lovers -- were quick to express their disdain."Our new fivers look like vomit," one user wrote on Twitter, while another quipped: "A thousand ...

Markets - FXMM - Australia

Australia dollar on the defensive as RBA looms, NZD also eases SYDNEY/WELLINGTON: The Australian dollar eased on Monday, succumbing to profit taking after a mixed bag of domestic economic data disappointed some investors.Muted retail sales, subdued inflation and a survey suggesting labour demand may have peaked all combined to dampen the Aussie, which shed 0.4 percent to $0.7642."Overall, these figures are consistent with our view that GDP growth slowed in the first quarter of this year," said Kate Hickie, assistant economist at Capital Economics."This is unlikely ...

Markets - FXMM - Australia

Australia, NZ dollars near 9-mth peaks on carry trade demand SYDNEY/WELLINGTON: The Australian and New Zealand dollars hovered close to nine-month peaks on Friday following solid manufacturing data from China with investors awaiting the latest reading on US jobs. The Australian dollar held at $0.7661, not far from a summit of $0.7723 set on Thursday.It gained a stunning 7.2 percent in March, the largest monthly increase since 2011, largely due to a dovish US Federal Reserve. That, combined with ultra-loose policies in Japan and Europe ...

Markets - FXMM - Australia

NZ dollar hits 5-month high, Aussie rallies as Yellen signals slower rate increases SYDNEY/WELLINGTON: The New Zealand dollar scaled a five-month peak on Wednesday, while its Australian peer hovered near recent highs after Federal Reserve chief Janet Yellen's cautious stance on future rate increases reinforced the attraction of bond yields in the Antipodes.The New Zealand dollar soared as far as $0.6884, having gained 2 percent on Tuesday when short positions were squeezed.It was last at $0.6852, building on momentum from a three- cent bounce since mid-month and on ...

Markets - FXMM - Australia

Australia, NZ dollars weighed by weak commodities, yen shines SYDNEY/WELLINGTON: The Australian and New Zealand dollars were nursing losses on Wednesday after renewed weakness in iron ore and dairy prices weighed on risk appetite, sending investors to the safety of the yen. The New Zealand dollar was the hardest hit after international dairy prices fell 2.9 percent at a fortnightly auction, confounding expectations for a rise and disappointing kiwi bulls.It slipped to a two-week trough of $0.6577, having dropped 1.1 percent on Tuesday. Support ...

Markets - FXMM - Australia

Australian dollar drops after unexpected employment drop SYDNEY: The Australian dollar dipped on Thursday after data showed employment unexpectedly fell in January, bucking expectations for a solid gain. The Aussie fell to $0.7144, from $0.7165 before the data. It touched a one-week peak of $0.7187 on Wednesday.Debt futures, however, were unchanged, still giving around a 50-50 chance of an interest rate cut by mid-year. Copyright Reuters, 2016 ...

Markets - FXMM - Australia

Australia, NZ dollars poised for large weekly losses vs yen SYDNEY/WELLINGTON: The Australian and New Zealand dollars fell for a seventh straight session versus the yen on Friday as a sell-off in global stocks sent investors to safe-haven assets, leaving both currencies with deep weekly losses. The yen, a favoured currency at times of heightened risk aversion, gained broadly as worries over European bank debt clouded an already bleak economic outlook. The jump in the currency in turn slammed Japanese shares down more than 5 ...