08302016Tue
Last update: Tue, 30 Aug 2016 03pm

Australia

Markets - FXMM - Australia

Yen rally tempered, oil price jump inspires commodity currencies SYDNEY/TOKYO: The safe-haven Japanese yen slid from recent peaks against the greenback on Wednesday as solid gains in oil prices helped underpin risk appetite.With hopes of a production cap agreed by top producers Russia and Saudi Arabia back in play, global oil prices climbed to four-month highs overnight. "The dollar gained along with the Australian dollar as risk appetite improved in the broader financial markets. What was eye-catching was that the dollar rose without support from Japanese officials' jawboning," said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo. The greenback rose as high as 108.905 yen, having climbed from a near 18-month trough around 107.63 set on Monday.The yen has mostly brushed off recent comments by Japanese officials warning that a rapid appreciation by the currency was unwelcome. The euro rose to 123.85 yen, putting further distance from a three-year low of 122.085 set last month. The Canadian ...

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 ...

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 ...