05012016Sun
Last update: Sun, 01 May 2016 02pm

Australia

Markets - FXMM - Australia

Australia and NZ dollars stay subdued, Fed in focus SYDNEY/WELLINGTON: The Australian dollar eased on Friday, continuing to pull back from a two-month peak set earlier in the week as investors reassessed their positions ahead of a speech by Federal Reserve Chair Janet Yellen.The Australian dollar last traded at $0.7795, down 0.4 percent on the day.It has fallen more than 1 percent since hitting $0.7939 on Tuesday, hurt in part by a fresh decline in iron ore prices. On the week, it is still a shade firmer. "Aussie traders continue to be on guard for verbal intervention from the Reserve Bank of Australia (RBA), which in theory should be a limiting factor for the Aussie dollar gains and probably explains the wall of resistance at $0.7900 level," said Stephen Innes, senior trader at OANDA Asia Pacific.The Aussie has recently benefited from a squeeze in short positions that swept it off a six-year trough of $0.7561. This was partly due ...

Markets - FXMM - Australia

Dollar starts week on the defensive as post-Fed caution lingers SYDNEY: The dollar started trade in Asia on the defensive, after a volatile few days in the wake of the Federal Reserve's dovish steer, which cast doubts on bullish positions in the greenback. The dollar index eased 0.2 percent to 97.696 early on Monday, staying well clear of a 12-year peak of 100.390 set on March 13. The index was nearing the post-Fed meeting trough of 96.628 hit last week when investors moved to price ...

Markets - FXMM - Australia

Australia and NZ dollars idled by Fed, euro extends bounce SYDNEY/WELLINGTON: The Australian and New Zealand dollars were little changed on Wednesday as investors awaited the outcome of the Federal Reserve's two-day policy review. The Australian dollar was stuck at $0.7620, having been trading in a narrow band of $0.7606 to $0.7680 since Monday. It remained uncomfortably close to a six-year low of $0.7561 set last week.The euro recovered more ground against the Antipodean currencies following recent steep losses. It has now gained two full ...

Markets - FXMM - Australia

Dollar bulls bank on Fed losing its patience SYDNEY: The dollar stood steady in Asia on Wednesday just hours before the Federal Reserve was expected to take a major step toward lifting interest rates for the first time in almost nine years. A Fed statement is due at 1800 GMT, followed half an hour later by a press conference with Chair Janet Yellen. The central bank will also release members' forecasts for inflation and interest rates, and some analysts suspect the trajectory of ...

Markets - FXMM - Australia

Australia, NZ dollars firmer on USD; stand tall vs sombre euro SYDNEY/WELLINGTON: The Australian and New Zealand dollars edged up on Friday as a shakeout in bullish US dollar positions gave the beleaguered Antipodeans some respite.The Australian dollar was at $0.7697, having jumped 1.4 percent on Thursday when disappointing US retail sales hurt the US dollar and triggered a wave of short covering. Resistance was found around $0.7735, then $0.7775."The greenback finally hit a bump and the long overdue consolidation may be upon us," said Stephen ...

Markets - FXMM - Australia

NZ dollar rallies as RBNZ says economy strong, rates on hold for some time WELLINGTON: The New Zealand dollar jumped a full U.S. cent in volatile trade on Thursday, bouncing from a five-week low after the Reserve Bank of New Zealand said the domestic economy remained strong compared to other nations which have been forced into rate cuts.The kiwi surged to a high of $0.7309, rebounding from $0.7193, its lowest since early February hit in offshore trade, after the RBNZ kept its official interest rate unchanged at 3.5 percent ...

Markets - FXMM - Australia

Embattled euro licks wounds in Asia, still vulnerable SYDNEY: The euro wallowed just above a fresh 12-year low early on Thursday having faced an unrelenting onslaught this week as the European Central Bank kicked off its 1 trillion euro bond-buying campaign.The program has already driven yields of many euro zone bonds deeper into negative territory and others to all-time lows. A 30-year German bond now offers a yield that is less than that of a two-year U.S. Treasury note.Unsurprisingly, investors kept well clear ...