12042016Sun
Last update: Sun, 04 Dec 2016 01pm

Australia

Markets - FXMM - Australia

NZ dollar pauses after impressive rally, AUD lags SYDNEY/WELLINGTON: The New Zealand dollar took a small step back from one-year highs against the greenback and euro on Monday, having surged in the past two sessions on improved global risk appetite and diminished expectations for an interest rate cut at home.The kiwi hovered just under 73 cents, not far from Friday's peak of $0.7308 - a high not seen since May 2015. The euro was at NZ$1.5170, struggling near a trough of NZ$1.5104.The rally started on Thursday after a speech by the Reserve Bank of New Zealand deputy governor highlighted the risks of a hot housing market and gave the impression that further rate cuts would be difficult.The kiwi was given a second wind on Friday after a surge in U.S. jobs lifted demand for risk assets globally. In two short days, it had jumped 2.4 percent on the greenback.Its trade weighted index (TWI) came just shy of 78.00, ...

Markets - FXMM - Australia

Australia dollar subdued, RBA provides the briefest of boosts SYDNEY/WELLINGTON: The Australian dollar staged a fleeting rally on Tuesday after the central bank gave no clear guidance on whether it would ease again, leaving markets wondering if it had switched back to a neutral stance.The Aussie climbed as far as $0.7545 from around $0.7522, matching a 1-1/2 week high set overnight. But it then retreated to $0.7510, down 0.4 percent on the day.The market had been looking for the Reserve Bank of Australia (RBA), ...

Markets - FXMM - Australia

Aussie dollar bounces back after initial wobble on post-vote uncertainty SYDNEY/WELLINGTON: The Australian dollar staged an impressive rebound on Monday, after slumping as much as a cent following the country's weekend election that produced no clear winner.The Aussie, which skidded as far as $0.7410, was back flirting with 75 cents and flat on the day. Against the yen, it was at 77.00, well off an early low of 76.22.Lifting the mood, both Moody's and Fitch said there was no immediate threat to Australia's top notch ...

Markets - FXMM - Australia

Australia, NZ dollars hold onto hefty gains for June SYDNEY/WELLINGTON: The Australian and New Zealand dollars found support on Thursday as the global appetite for risk assets recovered from the shock of Brexit, though speculation about future cuts in domestic interest rates limited their gains.The Australian dollar was parked at $0.7448, having risen almost half a U.S. cent in the previous 24 hours, but faced stiff chart resistance in the $0.7450/7470 zone.It has now recovered around half the loss suffered when Britain voted to ...

Markets - FXMM - Australia

Australia, NZ stocks finish up as hopes of stimulus soothe Brexit fears MELBOURNE: Australian shares climbed 0.8 percent on Wednesday as global markets regained some semblance of stability following the Brexit rout, with NZ stocks also taking comfort from the calmer sentiment to add 1.3 percent. The S&P/ASX 200 index added 39.13 points to 5142.40 at the close of trade. The benchmark had dropped 0.7 percent on Tuesday.Gains came as US Federal Reserve Governor Jerome Powell said the Brexit result had shifted global risks "to the downside", ...

Markets - FXMM - Australia

Australia, NZ dollars steadier as some semblance of calm returns SYDNEY/WELLINGTON: The Australian and New Zealand dollars stayed defensive on Monday but without the stomach-churning volatility seen late last week after Britain stunned global markets by voting to leave the European Union.The Australian dollar hovered just above 74 U.S. cents in early afternoon trade, having moved in a 3/4 cent range of $0.7385-$0.7460. On Friday, it whipsawed in a 3-1/2 cent range of $0.7305-$0.7650.The New Zealand dollar last stood at $0.7050, having also traded in ...

Markets - FXMM - Australia

Australia, NZ dollar bulls pin hopes on Britain staying in EU SYDNEY/WELLINGTON: The Australian and New Zealand dollars stayed firm on Thursday, with the kiwi a whisker short of a one-year peak, on optimism that Britain will stay in the European Union. Just hours before UK voters begin to cast their votes in a historic EU membership referendum, two opinion polls showed the "Remain" camp ahead of the "Leave" camp.The Australian dollar was last trading 0.2 percent higher at $0.7517, having earlier re-tested a near two-month ...