04292016Fri
Last update: Fri, 29 Apr 2016 05pm

Australia

Markets - FXMM - Australia

NZ Q1 jobless rate flat, wages contained  WELLINGTON: New Zealand's jobless rate was unchanged in the first quarter as the number of jobs created roughly matched the growth in thee workforce, while wage costs remained contained, backing views the central bank can hold rates for the forseeable future.The unemployment rate was steady at 5.8 percent, with about 16,000 jobs created, while the participation rate hit a record high of 69.4, according to official data on Wednesday.Statistics New Zealand said it had revised previous data to reflect growth in the population in the 2013 census. The labour cost index of private sector wages, released at the same time, rose 0.3 percent on the previous quarter, with the annual rate steady at 1.7 percent.Copyright Reuters, 2015 ...

Markets - FXMM - Australia

Australian, NZ dollars on track to post hefty weekly gains SYDNEY/WELLINGTON: The Australian and New Zealand dollars hovered near three-week highs on Friday, buoyed by broad weakness in their US counterpart and an upbeat Australian job report, putting them on track for hefty gains this week.The Australian dollar nudged lower at $0.7773, from $0.7802 early, but was still up 1.4 percent this week in a rare consecutive week of gains. It has added 2.4 percent in April which, if sustained, would be the largest monthly ...

Markets - FXMM - Australia

Australia, NZ dollars seen lower as rates diverge SYDNEY: Analysts have again lowered forecasts for the Australian dollar to reflect expectations of falling interest rates, as central banks across the globe ease monetary policy to support sputtering economies and ward off deflation. A Reuters poll of 50 analysts saw the Aussie edging down to 73 cents on a 12-month horizon, compared to 74 cents in the March poll.It hit a six-year trough of $0.7534 last week and remains vulnerable on expectations of more ...

Markets - FXMM - Australia

Dollar prevails as euro, sterling hit rocky road SYDNEY: The dollar hovered at three week highs against a basket of major currencies early on Friday as the hapless euro extended its decline and disappointing trade data knocked sterling lower. The euro fell as far as $1.0637, reaching a low last seen on March 19. It last stood at $1.0665, down more than 3 percent from Monday's peak of $1.1036."It's hard to avoid the conclusion that carry trades are playing a part. Note that ...

Markets - FXMM - Australia

Australia & NZ dollars on the defensive, weak commodities drag SYDNEY/WELLINGTON: The Australian dollar lurched towards a six-year trough on Thursday, continuing to falter as sliding iron ore prices bolstered expectations for a cut in interest rates next week.The Aussie reached a session low of $0.7575, edging ever closer to the trough of $0.7561 set in March. It last stood at $0.7595, down 0.1 percent on the day.Debt markets imply a 77 percent chance of a quarter point easing on April 7, when the Reserve ...

Markets - FXMM - Australia

Aussie dollar hits 10-day low on lower iron ore prices, rate cut bets LONDON: The Australian dollar fell over a percent to a ten-day low against its U.S. counterpart on Monday, hit by persistent weakness in iron ore prices and speculation of an April cut in Australian interest rates.Chinese iron ore futures fell for the fourth consecutive session on tepid demand in the world's top consumer and growing supplies by global miners put the raw material in check. Iron ore is Australia's top export earner.The Aussie dollar was ...

Markets - FXMM - Australia

Australia dollar stuck in the doldrums, NZD also soft SYDNEY/WELLINGTON: The Australian dollar slipped to fresh one-week lows on Monday, falling for a fifth session in a move that is likely to fuel its retreat from a two-month peak.Not helping the Aussie was persistent weakness in iron ore prices, which plumbed fresh lows on Friday amid worries about a supply glut. Iron ore is Australia's top export earner.The Aussie last stood at $0.7716, down from $0.7745 late in New York on Friday. It fell ...