08252016Thu
Last update: Thu, 25 Aug 2016 02pm

Australia

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 at low rates in euros and yen to buy higher-yielding assets such as the Aussie or kiwi dollars.The premium offered by Australian two-year government bonds over euro debt stood at a mouth-watering 240 basis points and 212 basis points against yen bonds.The Aussie held near 3-1/2-month highs against the yen , while the euro hovered at A$1.4814, having tumbled 17 cents since August.This week, the focus will be on Australia's job report, a bevy of ...

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 ...

Markets - FXMM - Australia

Dollar stung by Fed minutes, commodity currencies outperform SYDNEY: The dollar started trade in Asia on Friday under a cloud, having come under renewed pressure after minutes of the Federal Reserve's September meeting reinforced doubts that the central bank will hike interest rates this year.The minutes revealed a deeply cautious central bank that delayed a long-anticipated tightening because policymakers wanted to make sure that a global economic slowdown would not threaten to derail a U.S. recovery."The minutes were viewed as mirroring the dovish ...