12082016Thu
Last update: Thu, 08 Dec 2016 05am

Australia

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 of payments data showed net exports could add a larger than expected 1.1 percentage points to gross domestic product (GDP), which will be released on Wednesday.Analysts, polled last week, forecast the economy grew by 0.6 percent in the March quarter."Stronger-than-expected Q1 GDP inputs and buoyant April building approvals saw the AUD jump," said Annette Beacher, chief Asia-Pac macro strategist at TD Securities.Beacher also noted Interbank futures fell by as much as 15 basis points and ...

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 ...

Markets - FXMM - Australia

Aussie plunges, Fed eyed for dollar direction LONDON: Australia's dollar plunged by almost 2 percent on Wednesday after data showed consumer prices fell unexpectedly in the first quarter, but most currencies traded in narrow ranges before a U.S. Federal Reserve policy decision later in the day.The dollar edged down 0.2 percent against a basket of major currencies, with traders expecting the Fed to be wary of sending too strong a message on imminent policy tightening, particularly after another batch of disappointing data.The ...

Markets - FXMM - Australia

Euro wobbles as ECB looms, gives dollar a break SYDNEY: The euro remained on the defensive early on Thursday, having made an about-face as investors adjusted positions in the lead up to a policy meeting by the European Central Bank. The ECB is widely expected to hold interest rates unchanged at record lows, but President Mario Draghi is likely to drive home the case for ultra-loose monetary policy."The task now for the ECB lies more along the lines of promoting the effectiveness of these ...

Markets - FXMM - Australia

Australia, NZ dollars carried by yield play SYDNEY/WELLINGTON: The Australian and New Zealand dollars stood near 10-month peaks on Wednesday after fading concerns about global growth and rising metal prices sparked demand for carry trades. The Australian dollar took a breather at $0.7785 after investors opted to book profits, having flown to $0.7827 on Tuesday, a high not seen since June. It has climbed two cents in three sessions with the next major resistance found at $0.7849. A break of this would ...