06012016Wed
Last update: Wed, 01 Jun 2016 04am

Australia

Markets - FXMM - Australia

Australian dollar steady but remain vulnerable, New Zealand dollar pauses SYDNEY/WELLINGTON: The Australian and New Zealand dollars were on a steadier footing on Monday, but the antipodean currencies remained vulnerable to domestic factors including from monetary policy and a raft of economic data.The Australian dollar rose to $0.7834, from Friday's low of $0.7789, inching closer to key chart resistance around $0.7840 and $0.7875.The Aussie hovered near a one-month high against the yen at 93.25, having gained 0.7 percent on Friday.The Aussie, however, remains vulnerable to falling interest rates at home and a large build up in bearish positions.Data from the Commodity Futures Trading Commission showed net short positions in the Aussie edging up to 53,831 the week of February 17 as investor’s price in a follow-up rate cut by the Reserve Bank of Australia (RBA).Markets give an around 50-50 chance of an easing to 2.00 percent in March, and are fully priced for a move by May."I think we'll have ...

Markets - FXMM - Australia

Australia, NZ dollars firm after Fed disappoints hawks SYDNEY/WELLINGTON: The Australian and New Zealand dollars were on a firm footing on Thursday after minutes of the Federal Bank policy meeting were seen as dovish, hurting the US dollar and boosting bond prices.The Australian dollar was at $0.7810, having briefly popped to $0.7840 when the market pushed out the timing of rate hikes in the United States.Short-term Treasury yields boasted the biggest daily drop since mid-2011 after the minutes showed "many" Fed policy makers ...

Markets - FXMM - Australia

Australia underscores urgency of Asian rate cuts SINGAPORE: The Reserve Bank's quarter-point cut, which traders dismissed as a remote possibility just days ago, shows how vital monetary easing has become across the region. From Sydney to Singapore to Seoul, policymakers risk falling behind the curve and hurting investment and growth.The Reserve Bank of Australia cut its 2.5 percent official cash rate by a quarter percentage point on Feb. 3. "The economy is likely to be operating with a degree of spare capacity ...

Markets - FXMM - Australia

Australian dollar skids to 6-year low after RBA cuts rates TOKYO/SYDNEY: The Australian dollar skidded more than one US cent to a six-year low on Tuesday and plunged more than two percent against the yen after the Reserve Bank of Australia slashed interest rates to a record low.The Aussie's drop against the yen gave the US currency a cross-trading lift against the dollar, which shed about 0.5 percent to 117.03 yen.Australia's central bank cut its cash rate a quarter point to 2.25 percent at its ...

Markets - FXMM - Australia

Australia dollar pressured on heightened rate-cut chatter SYDNEY/WELLINGTON: The Australian and New Zealand dollars hovered near multi-year lows on Monday on heightened speculation the Reserve Bank of Australia will cut rates to record lows this week to spur economic growth. The Australian dollar was hemmed in at $0.7784, not far from a six-year trough of $0.7720 set last week. Major support was found at $0.7720-30, an area which was tested three times in as many sessions.The Aussie remained vulnerable as speculators increased ...

Markets - FXMM - Australia

Euro floored as SNB decision puts spotlight on ECB, franc surges SYDNEY: The euro hovered above an 11-year trough early on Friday as investors wagered the Swiss move to abandon its currency cap meant it was almost certain the European Central Bank would launch large-scale bond buying next week.The euro suffered its biggest one-day drop against the Swiss franc in history after the Swiss National Bank (SNB) stunned markets by suddenly abandoning its long-held pledge to keep the franc above 1.20 per euro. After falling 30 ...

Markets - FXMM - Australia

Australian dollar falls, hits 2 months low vs yen as copper slide spooks market SYDNEY/WELLINGTON: The Australian dollar sagged to its lowest in over two months against the yen on Wednesday as a sudden dive in copper prices spooked a market already worried about persistent weakness in oil. After a fairly steady start, the commodity-sensitive Aussie turned tail as a wave of stop-loss selling pushed London copper to a 5-1/2-year low. The industrial metal is often considered a barometer of global demand.The Aussie shed 1.1 percent against the safe-haven ...