07292016Fri
Last update: Fri, 29 Jul 2016 05am

Australia

Markets - FXMM - Australia

Aussie dollar bounces back after initial wobble on post-vote uncertainty SYDNEY/WELLINGTON: The Australian dollar staged an impressive rebound on Monday, after slumping as much as a cent following the country's weekend election that produced no clear winner.The Aussie, which skidded as far as $0.7410, was back flirting with 75 cents and flat on the day. Against the yen, it was at 77.00, well off an early low of 76.22.Lifting the mood, both Moody's and Fitch said there was no immediate threat to Australia's top notch triple-A rating despite a political stalemate that could take days if not weeks to clear.Both agencies said they wanted to see how the new government, when formed, would manage public finances. Moody's said it still expected fiscal consolidation to remain a key policy objective."AUD has done well to retest the 75 handle, but we are sceptical of lack of volume behind the move," said Matt Simpson, senior market analyst at ThinkForex."A hung parliament will likely ...

Markets - FXMM - Australia

Australia, NZ dollars hold onto hefty gains for June SYDNEY/WELLINGTON: The Australian and New Zealand dollars found support on Thursday as the global appetite for risk assets recovered from the shock of Brexit, though speculation about future cuts in domestic interest rates limited their gains.The Australian dollar was parked at $0.7448, having risen almost half a U.S. cent in the previous 24 hours, but faced stiff chart resistance in the $0.7450/7470 zone.It has now recovered around half the loss suffered when Britain voted to ...

Markets - FXMM - Australia

Australia, NZ stocks finish up as hopes of stimulus soothe Brexit fears MELBOURNE: Australian shares climbed 0.8 percent on Wednesday as global markets regained some semblance of stability following the Brexit rout, with NZ stocks also taking comfort from the calmer sentiment to add 1.3 percent. The S&P/ASX 200 index added 39.13 points to 5142.40 at the close of trade. The benchmark had dropped 0.7 percent on Tuesday.Gains came as US Federal Reserve Governor Jerome Powell said the Brexit result had shifted global risks "to the downside", ...

Markets - FXMM - Australia

Australia, NZ dollars steadier as some semblance of calm returns SYDNEY/WELLINGTON: The Australian and New Zealand dollars stayed defensive on Monday but without the stomach-churning volatility seen late last week after Britain stunned global markets by voting to leave the European Union.The Australian dollar hovered just above 74 U.S. cents in early afternoon trade, having moved in a 3/4 cent range of $0.7385-$0.7460. On Friday, it whipsawed in a 3-1/2 cent range of $0.7305-$0.7650.The New Zealand dollar last stood at $0.7050, having also traded in ...

Markets - FXMM - Australia

Australia, NZ dollar bulls pin hopes on Britain staying in EU SYDNEY/WELLINGTON: The Australian and New Zealand dollars stayed firm on Thursday, with the kiwi a whisker short of a one-year peak, on optimism that Britain will stay in the European Union. Just hours before UK voters begin to cast their votes in a historic EU membership referendum, two opinion polls showed the "Remain" camp ahead of the "Leave" camp.The Australian dollar was last trading 0.2 percent higher at $0.7517, having earlier re-tested a near two-month ...

Markets - FXMM - Australia

Chirpy Aussie dollar flirts with 75 cents, kiwi muted SYDNEY/WELLINGTON: The Australian dollar flirted with a two-week high near 75 U.S. cents on Tuesday, after the country's central bank gave no clear hint that it would ease policy again.This combined with diminishing anxiety that Britain will leave the European Union saw the Aussie climb as far as $0.7488 , a high last seen on June 9. It has since stepped back to $0.7468, up 0.2 percent on the day.Minutes of the Reserve Bank of ...

Markets - FXMM - Australia

Australia, NZ dollars rise as Brexit anxiety eases slightly SYDNEY/WELLINGTON: The Australian and New Zealand dollars rose against the greenback and yen on Monday, underpinned by improved risk appetite as momentum swung towards Britain remaining in the European Union ahead of this week's referendum.Three opinion polls before Thursday's vote showed the 'Remain' camp gaining some traction, although the overall picture remained one of an evenly split electorate."If the UK does remain within the EU then we assume a risk-on vibe will dominate markets, to ...