02072016Sun
Last update: Sun, 07 Feb 2016 08pm

Australia

Markets - FXMM - Australia

C$ steady against weaker US$ on central bank worries TORONTO: The Canadian dollar held steady against a weaker US dollar on Friday, recovering from earlier losses, as market focus turned to the policies of the world's major central banks.The US dollar fell as investors worried major central banks could begin reining in aggressive stimulus measures and after data showed a decline in US consumer sentiment."It's more or less unchanged. Slight volatility today, based on stop-loss selling in USD/CAD below C$1.0150," said Jack Spitz, managing director of foreign exchange at National Bank Financial, referring to orders placed earlier to sell when a currency reaches a certain price are triggered.The Canadian dollar, which was mixed against other major currencies, finished its North American session on Friday at C$1.0169 to the US dollar, or 98.34 US cents. This was little changed from Thursday's finish at C$1.0166, or 98.37 US cents. During the day, the currency traded between C$1.0137 and C$10188."The strength in ...

Markets - FXMM - Australia

Aussie & NZD struggle vs yen; outlook dim despite bounce WELLINGTON/SYDNEY: The Australian and New Zealand dollars slipped against the yen on Friday as investors found little comfort in a tentative bounce in Japanese stocks, but both Antipodean currencies were on track to snap a string of weekly losses versus the greenback.Trading on the last day of the week was marked by caution surrounding the volatile Nikkei, which is keeping a squeeze on short-yen positions that is underpinning the Japanese currency.Both the Aussie and kiwi ...

Markets - FXMM - Australia

C$ gains on US$, helped by upbeat economic data TORONTO: The Canadian dollar gained against its US counterpart on Thursday as a spate of encouraging economic data boosted North American equities and helped stoke bets on a sooner-than-expected interest rate hike in Canada.The commodity-linked currency was also buoyed by a recovery in the price of oil, though traders also pointed to a breakdown in historical links to other assets making it difficult to predict where the loonie, as Canada's currency is colloquially known, would ...

Markets - FXMM - Australia

Australia & NZ dollars on defensive, RBNZ & jobs data awaited WELLINGTON/SYDNEY: The Australian and New Zealand dollars were holding above multi-month lows on Wednesday, but more thanks to technical short covering from deeply oversold levels than to any improvement in investor sentiment.The Aussie dollar was looking shaky at $0.9425 in late trade, after failing to break above $0.9500 earlier. It had sunk as far $0.9321 in a wild session on Tuesday, its lowest since September 2010, amid heavy speculative selling."I expect the Aussie will remain ...

Markets - FXMM - Australia

Aussie, kiwi dollars pressured by weak stocks, bonds rally SYDNEY/WELLINGTON: The Australian and New Zealand dollars fell near multi-month lows on Friday as Asian equities took a beating in a tense market ahead of key US labour data.The Aussie slipped 0.8 percent on the day to $0.9485, pulling closer to a 20-month low of $0.9427 hit on Thursday.It looked set to end the week lower for the fifth consecutive time, showing a decline of around 1 percent.The kiwi dropped to $0.7966, having touched an ...

Markets - FXMM - Australia

Australia & NZ dlrs on the ropes as yen punches back SYDNEY/WELLINGTON: The Australian dollar was under heavy pressure on Thursday as a vicious reversal in the yen and a slide in global stocks ramped up risk aversion and battered commodity currencies.The Aussie slid to a 20-month low of $0.9511 at one stage on Wednesday, down more than 1 pct on the day. It was last at $0.9521 with its failure to sustain a rally early in the week leaving technicals looking very bearish.Dealers say next ...

Markets - FXMM - Australia

Yen jumps, commodity currencies feel the heat SYDNEY: The yen was sharply higher on Thursday as a rout in Japanese stocks forced investors out of popular carry trades, while commodity currencies were under fierce pressure with the Australian dollar wallowing at 19-month lows.The moves came as a closely watched report showed hiring by US firms was sluggish in May, raising the risk that Friday's non-farm payrolls could disappoint.The dollar was at 99.14 yen, having suffered a one-percent fall overnight, while the euro ...