Australia
Monday, 04 March 2013 11:21
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WELLINGTON/SYDNEY: The Australian and New Zealand dollars hit multi-month lows against their US counterpart on Monday as worries about China's latest property curbs slugged Asian stocks and undermined sentiment generally.A sharp drop in Chinese stocks overshadowed a mixed bag of domestic data which did nothing to alter expectations the Reserve Bank of Australia (RBA) will likely keep interest rates steady at 3 percent at its policy meeting on Tuesday.The Aussie slipped 0.8 percent to as deep as $1.0119, its weakest in eight months, with stop-loss selling tripped on the break of October's lows.Much of the fall came after Chinese shares slid 3 percent when Beijing said it could increase property down payments and loan rates in parts of the nation where home prices are rising too quickly.Any slowdown in home construction could lessen demand for steel and thus iron ore, Australia's single biggest export to China. The highly liquid Aussie ...
SYDNEY/WELLINGTON: The Australian dollar clawed back from a 4-1/2-month low against the US dollar on Wednesday after the head of the US Federal Reserve countered speculation of an early end to bond buying, giving a lift to equities and risk sentiment.
The Antipodean currencies remained under pressure against the yen as the fallout from Italy's deadlocked election triggered a huge fall in euro/yen, which spilled over into other crosses.
The New Zealand dollar underperformed with a 1 ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars were firm on Wednesday as a strong German business survey lifted sentiment in global equity markets while the British pound took another beating.
Market wary ahead of a speech by Reserve Bank of New Zealand governor Graeme Wheeler, in which he is expected to touch on the exchange rate.
The Aussie pushes up to $1.0351, from $1.0325 in late local trade on Tuesday. It ranged $1.0321 to $1.0368 overnight. Support ...
WELLINGTON/SYDNEY: The New Zealand and Australian dollars marked time in holiday thinned markets on Tuesday holding close to four-year highs against the yen while notching modest gains on the euro on renewed warnings about the European economy.
Near term focus on minutes of the Reserve Bank of Australia's (RBA) February meeting where it elected to keep rates at 3 pct, saying it wanted to assess the impact of past cuts.
Analysts assume it will leave the door ...
WELLINGTON/ SYDNEY: The Australian and New Zealand dollars were softer against the euro on Tuesday after a policy maker said it was not overvalued, but resumed their climb against the yen.
* The euro gains across the board after the head of the Bundesbank Jens Weidmann said talk of an overvalued euro is a diversion from governments sorting out their economies.
* That sees the euro halt three days of losses, rising 0.4 percent on the Aussie ...
SYDNEY: The euro dipped to a two-week low in Asia on Monday, continuing to pull back from 15-month highs following what markets perceived as slightly dovish comments from the European Central Bank and political uncertainty in Italy and Spain.
The embattled yen has found some support since Japanese Finance Minister Taro Aso said the currency has weakened more than intended following its recent eye-watering slide.
But with much of Asia shut for the Lunar New Year holidays, ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars were steady on the US dollar on Monday as strong Chinese and euro zone data underpinned risk sentiment, while holidays across much of Asia kept flows extremely thin.
* Aussie around $1.0319, from $1.0289 late locally on Friday, after ranging $1.0296 to $1.0358 in the offshore session. It touched a three month low of $1.0256 last week.
* Aussie seen supported around $1.0295, Friday's intra-day high, and below that the ...
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