07292016Fri
Last update: Fri, 29 Jul 2016 07am

Australia

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 a production ceiling last Friday meant that supply will continue to depress oil prices. The decision gave investors the green light to sell crude and currencies of oil exporters like Canada and Norway.Crude oil futures tumbled 6 percent on Monday to their lowest in nearly six years."The decline in oil prices... will not be a one-night trade. Anticipate further downward pressure on oil prices, bond yields and commodity currencies," said Richard Grace, chief currency and ...

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 ...

Markets - FXMM - Australia

Dollar consolidates as payrolls-inspired rally cools SYDNEY: The dollar hovered just below a seven-month peak against a basket of major currencies early on Tuesday, having consolidated its payrolls-inspired rally in a subdued session overnight.The dollar index last stood at 99.033, drifting down from Friday's peak of 99.345, a high not seen since mid-April. Against the yen, the greenback fetched 123.15 yen, just off a 2-1/2-month high of 123.60.The euro traded at $1.0753, having been as low as $1.0704 on Friday. Versus ...

Markets - FXMM - Australia

Australia, NZ dollars run into profit-taking after large gains SYDNEY: The Australian and New Zealand dollars ran into profit-taking on Friday following two sessions of hefty gains, with the kiwi poised to shine with a rise of around 2 percent for the week. The New Zealand dollar edged down to $0.6829, having started the session at a 3-1/2-month peak of $0.6897.It briefly rose a quarter of a cent after slightly higher-than-expected inflation data added to speculation the Reserve Bank of New Zealand (RBNZ) may ...

Markets - FXMM - Australia

Australia, NZ dollars nurse losses as China weighs SYDNEY: The Australian and New Zealand dollars nursed losses on Wednesday as concerns about China and global growth sent investors to the safety of government bonds.The Australian dollar dipped to $0.7234 from $0.7273 early, having skidded 1.6 percent on Tuesday.Commodity currencies, including Brazil's real, took a blow overnight following a sharper-than-expected fall in Chinese imports. China is the world's largest importer of commodities."One of the reasons behind the weakness in the Australian dollar remains global ...