06272016Mon
Last update: Mon, 27 Jun 2016 07am

Australia

Markets - FXMM - Australia

Australia, NZ dollars surge on stunning jobs and RBNZ cut SYDNEY: The Australian and New Zealand dollars surged on Thursday after markets were wrong footed by another stunning jobs report in Australia, while the Reserve Bank of New Zealand surprised some by almost shutting the door on further easing.The Australian dollar soared 1.3 percent to $0.7325, pulling closer to a four-month peak of $0.7386 touched last week.It powered up 1.5 percent on the yen, while the euro and pound skidded two full cents and pence against the Aussie.Australian employment climbed by 71,400 in November, pushing the jobless rate to the lowest in 19 months.The strong job report, for the second month in a row, confounded analysts who had forecasts a drop of 10,000."This doesn't necessarily rule out further interest rate cuts when the outlook for investment and inflation is still so weak, but it does make them less likely," said Paul Dales, chief Australia and New Zealand economist at Capital ...

Markets - FXMM - Australia

Euro, yen lead gains as USD suffers positioning setback SYDNEY: The euro held on to solid gains early on Thursday and stayed above the $1.10 big figure after comments from a central banker suggested markets had been expecting too much stimulus from the European Central Bank.The common currency last stood at $1.1021, having scaled a one-month peak of $1.1044. The move extended last week's 2.8 percent short-covering rally after the ECB fell well short of delivering the aggressive easing that markets expected.Responding to accusations ...

Markets - FXMM - Australia

Australia, NZ dollar nurse heavy losses on oil, NZ rate outlook SYDNEY/WELLINGTON: The Australian and New Zealand dollars were nursing heavy losses on Tuesday after a tumble in oil prices hit commodity currencies from Canada to South Africa.The Australian dollar fell to $0.7267, having shed nearly 1 percent overnight. It has skidded more than a full cent since reaching a four-month peak of $0.7386 on Friday. Support was found at $0.7245 and $0.7212.Much of the damage came after crude oil futures plumbed their lowest in nearly ...

Markets - FXMM - Australia

Dollar benefits as commodity currencies slide on oil spill SYDNEY: The US dollar was broadly firmer early on Tuesday and at decade-highs against its Canadian peer, which along with the Norwegian crown slid sharply on the back of a tumble in oil prices.The greenback jumped to C$1.3524, reaching a high not seen since mid-2004. It was last at C$1.3506. Against the crown, it rallied more than 1.5 percent to 8.6786. The euro also hit a one-month high of 9.4103 crowns.OPEC's inability to agree on ...

Markets - FXMM - Australia

Australia, NZ dollar slightly weaker ahead of data, RBNZ meeting SYDNEY/WELLINGTON: The Australian and New Zealand dollars kept just below recent peaks on Monday with the market reluctant to take large bets ahead of data and a central bank rate review later in the week.The Australian dollar was a touch softer at $0.7223, having touched $0.7386 on Friday, a level not seen since August.It has rebounded more than 4 percent so far this quarter, in part due to carry trades where global investors can borrow ...

Markets - FXMM - Australia

Dollar steadier after jobs data, China in focus this week SYDNEY: The dollar got off to a subdued start on Monday, having recovered a bit of ground late last week after upbeat payrolls data bolstered the case for an imminent hike in U.S. interest rates.To be sure, the greenback's reaction was modest with a Fed hike at the Dec. 15-16 meeting already considered highly likely. The focus has shifted to how gradual the tightening cycle will be following the initial move.The dollar index last stood ...

Markets - FXMM - Australia

Dollar trips on disappointing data, Aussie shines SYDNEY: The US dollar nursed broad losses early on Wednesday, having retreated from a multi-month peak as bulls got cold feet after U.S. manufacturing contracted in November for the first time in three years.The dollar index stood at 99.779, skidding below an 8-1/2-month high of 100.310 set on Monday. It had rallied 3.3 percent last month on expectations that the Federal Reserve would hike U.S. interest rates at its Dec. 15-16 policy review.Prompting investors to ...