06262016Sun
Last update: Sun, 26 Jun 2016 04pm

Australia

Markets - FXMM - Australia

NZ dollar crawls to 2-month highs, Aussie restrained SYDNEY/WELLINGTON: The New Zealand dollar inched up to two-month hights on Tuesday buoyed by a hunt for yield, while its Australian counterpart edged off highs in thin year-end trade. The New Zealand dollar crawled up to $0.6866, its highest since mid-October, and looked on track for an increase of nearly three cents this month.The kiwi gained some ground after the US dollar held near a one-week low against a basket of currencies on some profit-taking in US trade on Monday.With little or no domestic data on the immediate horizon and many players away for year-end holidays, trading is likely to remain tepid. The kiwi has shed 12 percent so far this year. Across the Tasman sea, the Australian dollar was pinned at $0.7258, having run out of steam when it met heavy resistance at $0.7295 last week. Dealers said the Aussie's inability to sustain a break higher was a negative. ...

Markets - FXMM - Australia

Australia, NZ dollars nudge up, test stiff resistance SYDNEY/WELLINGTON: The Australian and New Zealand dollars edged up on Tuesday to find stiff chart resistance in trading thinned by a holiday-heavy week.The Australian dollar rose as high as $0.7204 where it met solid offers at the 72 US cents chart barrier. At $0.7195 it has gained one full cent since touching a one-month trough last week. Yet, it is still down 12 percent for the year, largely due to a diverging interest rate outlook ...

Markets - FXMM - Australia

Australia, NZ dollars trapped by holiday lull SYDNEY/WELLINGTON: The Australian and New Zealand dollars struggled for momentum on Monday as traders were reluctant to make any significant moves in a holiday-heavy week.The Australian dollar held at $0.7155, having met a wall of sellers ahead of 72 US cents. It touched a one-month trough of $0.7097 last week and was down 12 percent for the year.It held its ground against a battered Canadian dollar at C$0.9990, having briefly popped above parity on Friday. ...

Markets - FXMM - Australia

Dollar gains traction, BoJ next up to the plate SYDNEY: The US dollar stood at its highest in two weeks against a basket of currencies early on Friday, having made a decisive move a day after the Federal Reserve delivered a long-awaited hike in interest rates. Commodity currencies were hardest hit as the firmer greenback took a toll on a range of commodities from oil to base metals and gold. The Canadian dollar was now close to a 12-year low, having come within a ...

Markets - FXMM - Australia

Australia, New Zealand dollars on the skids after Fed hikes SYDNEY/WELLINGTON: The Australian and New Zealand dollars fell on Thursday, as US dollar bulls cheered the Federal Reserve's decision to finally raise interest rates for the first time in nearly a decade.The Australian dollar dropped 0.7 percent on the day to $0.7177, pulling closer to a recent trough of $0.7160 touched twice last week. A break below would test $0.7080."Rising US interest rates will help maintain downward pressure on the value of the A$ through ...

Markets - FXMM - Australia

New Zealand dollar down vs US dollar after Fed hikes rates WELLINGTON: The New Zealand dollar was quoted at $0.6754 after the US Federal Reserve raised interest rates, down from $0.6785 before the decision was announced. The kiwi briefly fell as low as $0.6732 after the rate decision but then made up some ground. The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday. Copyright Reuters, 2015 ...

Markets - FXMM - Australia

Australia cenbank's Stevens says A$ could fall further SYDNEY: The Australian dollar could fall further in sympathy with lower commodity prices, the head of the Reserve Bank of Australia Glenn Stevens said in a newspaper interview published on Wednesday. Speaking to the Financial Review, Stevens said: "The exchange rate has been adjusting - doing its job - and I note commodity prices are still falling, so it is possible that further adjustment will occur. I think that is possible." The Australian dollar last ...