01192017Thu
Last update: Thu, 19 Jan 2017 05am

Australia

Markets - FXMM - Australia

Australia, NZ dollars calm, set to post weekly gains SYDNEY/WELLINGTON: The Australian and New Zealand dollars held steady, having proved resilient to broad US dollar strength on Friday with investors awaiting central bank policy reviews next week. Both currencies were on track for weekly gains. The New Zealand dollar was the clear outperformer at $0.6818, not far from this week's peak of $0.6834, having powered up 1.8 percent since Monday.A modest recovery in dairy prices, signs of a slight pick- up in inflation, continuing rise in property prices have energised the kiwi and prompted economists at major banks to rescind calls for an easing by the Reserve Bank of New Zealand (RBNZ).The RBNZ holds its monthly policy review on June 9 and it is likely to be a very close call as to whether the central bank would cut interest rates by 25 basis points from their current record low 2.25 percent."It now looks as though the June decision ...

Markets - FXMM - Australia

Australia dollar dips on yen buying, but dairy supports NZ dollar SYDNEY/WELLINGTON: The Australian dollar retreated from two-week highs on Thursday as sluggish factory activity across the world heightened risk aversion and boosted the yen, while the New Zealand dollar found support in rising dairy prices.The Australian dollar dipped to $0.7238, from $0.7255 early, pulling away from a high of 73 cents touched on Wednesday. It was still up 0.7 percent since Monday and if sustained, it would be the first weekly gain since mid-April.Support was ...

Markets - FXMM - Australia

Australia dollar jumps, bonds retreat after GDP stunner SYDNEY/WELLINGTON: The Australian dollar powered up on Wednesday after economic growth easily beat expectations, prompting investors to further scale back expectations for an interest rate cut soon.The Australian dollar climbed as far as $0.7294 from $0.7233 in early trade and pulling further away from a three-month trough touched last week.It was last at $0.7284 with resistance around $0.7325.Australia's economy grew by 1.1 percent in the first quarter, marking a remarkable 25 years without a recession, ...

Markets - FXMM - Australia

Australia dollar cheered by upbeat data, bond yields rise SYDNEY/WELLINGTON: The Australian dollar rebounded from three-month lows and bond prices fell on Tuesday following encouraging economic data, dragging the New Zealand dollar higher. Yet, both currencies were on track with hefty monthly losses. The Australian dollar bounced around half a US cent to $0.7239, pulling away from $0.7145 touched last week.The Aussie jumped 0.8 percent against the yen, while the euro slumped one full cent to A$1.5400.The move up came after first quarter balance ...

Markets - FXMM - Australia

Aussie tumbles on talk of more interest rate cuts LONDON: The Australian dollar fell to a 2-1/2-month low on Tuesday on talk that the Reserve Bank of Australia (RBA) might cut interest rates again this year, after its governor said the central bank was committed to inflation-targeting policy. Glenn Stevens was speaking publicly for the first time since the RBA's policy review this month, when it cut the cash rate by a quarter point to a record low 1.75 percent, citing surprisingly low inflation.That ...

Markets - FXMM - Australia

Australia, NZ dollars run into stiff resistance, Fed speculation SYDNEY/WELLINGTON: The Australian and New Zealand dollars fell on Wednesday as a bounce from recent lows was stymied by heavy chart resistance and speculation U.S. interest rates could rise as early as June.The Australian dollar slipped to $0.7293, from $0.7326 early on and a peak of $0.7368 touched on Wednesday. It met a wall of resistance near $0.7380-$0.7410, having failed five times this month to make a sustained breakthrough that range.It was unable to hold ...

Markets - FXMM - Australia

Australia dollar sunk by RBA rate cut, drags on NZ$ SYDNEY/WELLINGTON: The Australian dollar took a spill on Tuesday after the Reserve Bank of Australia (RBA) surprised some by cutting its cash rate to a record low, dragging the New Zealand dollar lower in turn. The Australian dollar skidded 1.4 percent to $0.7561 on the day. A break of $0.7548 would target the April low of $0.7490.The Aussie dropped to its lowest in two months against the yen, euro and pound , while it touched ...